Which one of the following is the globally traded currency that can serve as a reliable and stable store of value?

Soft Currency

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Broad Currency

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Local Currency

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Hard Currency

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Solution

The correct option is D Hard Currency
Hard currency refers to a currency which is stable over a short span of time and is highly liquid in the foreign exchange market. US Dollar, Australian Dollar, Japanese Yen, Canadian Dollar, British Pound are some of the hard currencies of the world.

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