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Essay / Research Paper Abstract
This 8 page paper is divided into parts to first evaluate currency in general and then go on to examine the economy of South Korea. Several aspects are noted including which currencies are strongest, how the South Korean economy has affected its capacity to trade, and the Big Mac Index. Iran's economy is considered as well. Bibliography lists 12 sources.
Page Count:
8 pages (~225 words per page)
File: RT13_SA008Kor.rtf
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Unformatted sample text from the term paper:
are or whether it has a trade deficit or not (Levins A14). What is that countrys interest rate and how does the government of a nation pay for its
loans (A14)? Economic outlook is very important (A14). If a nation does well in at least two categories, its currency will be in demand and traders call the demand a
"strong" currency (A14). But having been labeled a strong currency is not necessarily good (A14). The reason is because in trading, having a weak currency might even be advantageous as
it attracts tourism, for example. Americans visiting Canada today would get a bargain, while years ago that might not have been the case (A14). Levins seems to think that things
even out. Further, the idea of strength is not necessarily valid. Currencies may be overvalued or undervalued just as sometimes stocks are either overpriced or underpriced. In using the notion
that the actual price is not necessarily an indicator of demand, or of actual worth, the following list has been created to reveal the top ten currencies of the
world. The list is primarily based on comparative value to the U.S. Dollar, as it existed on February 21, 2000: 1. Swiss Franc In 1999, Fildes claimed that this
currency was the strongest in Europe and explained how the Swiss can manager their affairs without their neighbors help (Fildes 29). That is, the government is autonomous, and does not
have heavy debts. This makes the currency very attractive. On 1/21/00 1 US Dollar was equivalent to 1.6270 Swiss Franc ("Currency " PG). 2. German Mark. The German
mark has become quite popular in recent times. Once weakened, it has come back stronger than ever. Today, the mark is preferred throughout much of Europe; in fact, hotels and
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