like the fact that $100 in jamaica is like $10 here & etc.. why couldn’t we all use the same currency? or not even the same currency specifically but like have $10 here be the same thing as $10 in canada or $10 in africa etc etc.
In: Economics
Currency developed as a way to trade with people without having to exchange goods every time. Each civilization/culture comes up with their own currency, ranging from precious objects like salt and gold to government backed standards like coin and paper.
Today, $1 in the US is still $1 all over the world, but that can be exchanged for an appropriate amount of local currency.
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