Search results for currency

November 19, 2019

Definition of the Euro

The Euro is the predominant currency in Europe and is used by all members of the Eurozone. It is one of the main global reserve currencies. The Euro first came into existence in 1999.There are many di...

November 19, 2019

Definition of A Eurobond?

A Eurobond has two different meanings:An international bond that is denominated in a currency other than that of the country in which it was issued:These can be traded on the global marketsNamed after...

November 19, 2019

Definition of the Eurozone

The Eurozone is the term used for the 17 members of the European Union who use the Euro as their currency. As of June 2012 the countries which are part of the Euro Zone are:Austria...

November 19, 2019

Definition of a Fiat money.

Fiat money is any form of currency that is in itself worthless, but because it has the backing of a government is deemed to have value. For example, the paper used to print US dollars is essentially w...