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major currency

definition

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.

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 • Swissie  • permitted currency  • U.S. Dollar  • paper currency  • hard currency  • pip  • ranking  • equilibrium exchange rate
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