The value of a currency is determined by its usefulness as a medium of exchange, which is derived from the productivity of the economy and what that economy produces for trade.

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• Person: Not available Organization: LibreTexts
  1.3: Systemic or "Macro" Factors That Affect Financial Thinking

Sources

• 1.3: Systemic or "Macro" Factors That Affect Financial Thinking biz.libretexts.org LibreTexts via serper

Referenced by nodes (1)

• currency concept