Question
Download Solution PDFWhich one of the following is not a hard currency?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
- The Kuwaiti Dinar is not considered a hard currency.
- Hard currencies are typically those that are widely accepted around the world and are known for their stability and reliability in the international market.
- The U.S. Dollar, European Euro, and Canadian Dollar are examples of hard currencies.
- Hard currencies are often used in global trade and are held as reserve currencies by central banks.
- The Kuwaiti Dinar, while valuable and stable, is not as widely accepted or used in international trade as the currencies mentioned above.
Additional Information
- Hard currency refers to money that comes from a country with a strong, stable economy and is widely accepted around the world.
- The value of hard currencies typically remains stable over time, even in the face of economic uncertainty.
- Examples of hard currencies include the U.S. Dollar, European Euro, Japanese Yen, Swiss Franc, and British Pound Sterling.
- These currencies are often used in international transactions and are held as part of foreign exchange reserves by countries around the world.
- The status of a currency as "hard" can change over time based on the economic and political stability of the issuing country.
Last updated on Jun 7, 2025
-> RPF SI Physical Test Admit Card 2025 has been released on the official website. The PMT and PST is scheduled from 22nd June 2025 to 2nd July 2025.
-> This Dates are for the previous cycle of RPF SI Recruitment.
-> Indian Ministry of Railways will release the RPF Recruitment 2025 notification for the post of Sub-Inspector (SI).
-> The vacancies and application dates will be announced for the RPF Recruitment 2025 on the official website. Also, RRB ALP 2025 Notification was released.
-> The selection process includes CBT, PET & PMT, and Document Verification. Candidates need to pass all the stages to get selected in the RPF SI Recruitment 2025.
-> Prepare for the exam with RPF SI Previous Year Papers and boost your score in the examination.