What does "all deployed dollars of fluctuant value" mean?
Hi,
This is about currency. What does "all deployed dollars of fluctuant value" mean?
"Taiwan, Singapore, Zimbabwe, Liberia, New Zealand: all deployed dollars of fluctuant value."
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Answers · 2
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All of those countries prepared and used money called a dollar, but each country's dollar was a different value -- a changing value.
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'Fluctuant value' means that their currencies 'fluctuate' or 'float' - i.e. they aren't tied to any other currencies at a fixed exchange rate. The currencies change value as the market changes - when they are in high demand, the price will increase. 'Deployed' means to put something into use.
I guess that the quote relates to some period several decades ago, as that is when our currency was 'floated'.
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