What are the three types of money based on the area of application and examples?
What are the three types of money based on the area of application and examples?
Three types of money are based on the application area: Domestic, Regional, and International Money. Explanations and examples are as follows.
- Domestic money only applies to the territory of a particular country. Examples of domestic money as the rupiah applies in Indonesia. The Peso applies in the Philippines. The Baht uses in Thailand.
- Regional money only applies to specific regions—for example, regional money, such as euros for European countries.
- International money applies in a country's territory and in various countries worldwide—examples of international money such as US dollars, Japanese yen, and British pounds.
Posting Komentar untuk " What are the three types of money based on the area of application and examples?"