Economics · Macroeconomics
What is meant by 'Soft Currency' in international economics?
- 1A currency that has a fixed exchange rate backed by gold reserves
- 2A currency that can only be used in electronic form
- 3A currency whose demand is higher than its supply in the international market
- 4A currency whose supply is higher than its demand in the international market✓
Correct answer
A currency whose supply is higher than its demand in the international market
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