major currency
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
U.S. Dollar
equilibrium exchange rate
hard currency
real exchange rate
See All Related Terms »

Statement of Financial Accounting Standards
administrative receiver
negotiated market
exception report