Weekly News Analysis # 2 - Inflation is a rise in the...

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Inflation is a rise in the general level of prices of goods and services in an economy over a period. Summarize the article about how some countries want to create a new global currency. This article talks about China, Russia, and some other countries wanting to create a new international Reserve Currency. It also discusses opinions of people from different areas explaining why these countries are so interested in creating the new currency. Article also looks into pros and cons of your currency. Comment on the reasons why these countries are making this push and possible pitfalls with a new currency. It explained this reasoning’s in the article: They realize that these Treasury bills they have might not be worth so much five or 10 years from now. There might be inflation. If the U.S. dollar were to be displaced as the international currency, Chinese export earnings could suffer. Other Countries have noticed that as long as the dollar is the major safe haven, the
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Weekly News Analysis # 2 - Inflation is a rise in the...

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