A currency that is sufficiently liquid to be readily convertible to the currency of other nations. Major currency is most often associated with politically stable, highly industrialized nations. The U.S. dollar, British pound, Euro, and Japanese Yen are major currencies. Also called hard currency.
Browse by Subjects
See All Related Terms »
take up rate
interest rate margin
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):