Economics · Money and Banking
What is meant by 'Hard Currency'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A currency that is easily available and accessible in the global market
- 2A currency used exclusively for the repayment of international debts
- 3A currency that is backed by gold reserves
- 4A currency that is not easily accessible or available due to high demand✓
Correct answer
A currency that is not easily accessible or available due to high demand
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