CH. 11

The exchange rate for different currencies is complicated. It would be hard for countries or big companies to trade and keep track of all the rates. It seems like it would be a lot simpler if there was a set currency that countries and big companies could use. There could be a universal currency that would hold value you for everyone and there would not have to be price increases/decreases for the countries or big companies. Because the U.S. owes money back to certain countries it would be difficult to calculate how much money needed to be given back to these countries. Also how would countries know if they are getting back the actual amount that deserve. Having a universal trade currency could be nice, but then if that currency collapsed many countries would end up being screwed! Currency is very complex and there probably is no good way to go about solving this problem unless there was one universal currency. Except even that would have problems tied to it.