4 ms·
Incorrect. If the currency is mandated to be acceptable for all debts, then there is a relationship between the total amount of currency in the country and the
by CPLX 4y ago
Incorrect. If the currency is mandated to be acceptable for all debts, then there is a relationship between the total amount of currency in the country and the total value of tradeable assets within that country.
Needless to say that relationship is complicated, you can’t work it out on a napkin, but it’s a mistake to think it’s random.