Currency and International Commerce
Write a 2 page, double-spaced paper.
Address the following in your paper:
The US dollar has been used for decades as a medium of exchange, worldwide. Before the US dollar was so highly regarded, international commerce used the British pound sterling.
- What causes world powers to choose to trade in one specific currency?
- What does that mean for the world economy?
- Why do the standard currencies change?
- Do you see any changes in currency coming?
Note: Be sure to tie all that you write into both political and economic contexts.
There is no requirement for a title page, references or APA style.