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    Current page location: Home > Answers > How international economic works?
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    Bella Qi
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    How international economic works?

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    • Time:2018-09-06 09:50:36
    How international economic works?
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    Stella Qi
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    Countries produce stuff. Before the money was invented, we used to trade product for product. Now we have currencies. And the most powerful country of the era usually decides what currency will be valid in the international economics. Then that currency is translated into local currencies in internal economics of a country. the Ottoman Empire used to mandate gold, the US mandates dollar. EU has its own free market and mandates Euro. That’s pretty much the summary of it.

    #1Floor 2018-09-06 10:31:07 Reply(0)
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