You put your money into a high-yield savings account for 10 years. You are not allowed to withdraw any money or close the account and take out the money until the end of the 10 Years. What currency would you prefer having your savings in, keeping in mind that higher inflation could affect the value [...]
Archive for June, 2010
What currency would you put your savings into in the following senerio?
June 28th, 2010 
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Posted in cureny 
Tags: 10 years, british pounds, currency, high yield savings, hong kong dollars, inflation, japanese yen, money, swiss francs, yen hong 
1 Comment »What alternative currency is more widely accepted in China?
June 28th, 2010 admin Okay, I know that the Chinese currency is the RMB & the Yuan. But when travelling to China is US currency or the English Pound easily accepted. Between the US dollar, the pound & the euro, which is the more accepted in China? (And in case different parts of China have different preferences, I am [...]
Posted in cureny Tags: amp, beijing, chinese currency, english pound, major foreign currencies, tourism, travelling to china, yuan 1 Comment »What determines when a currency has more value than another monetary unit?
June 8th, 2010 admin What are the factors behind the value of a currency. I understand that the value of the U.S. dollar is always changing in value but what determines when this is more valued or less valued than other currencies? What makes the British Pound the strongest or one of the strongest currencies in the world? I [...]
How do I start a new currency to compete with the US Dollar?
June 7th, 2010 admin I can create a new currency that nobody can replicate except for me. I will use my blood as the print, and then only ink matching my DNA will be authentic. How do I go about starting the new currency? How can the exchange rate between my new currency and the dollar be determined? What [...]
