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A hard currency
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That means its value
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A soft currency
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That means its value
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The American dollar,
the Japanese yen
and the Swiss franc are examples of
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The developing countries have
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Because developing countries have soft currencies, debt is
more of a problem for them.
As the value of the currency of a developing country goes
down, the cost of that country's debt
QuickCheck
- The Third World Debt Crisis