What are the common currency pairs? What are the types of currencies?

EUR USD) Euro US Dollar.

EUR GBP) Euro British Pound.

EUR CHF) Euro Swiss franc.

EUR, NZD), Euro, New Zealand Dollar (USD, CHF), US Dollar, Swiss Franc.

USD GBP) USD GBP British Pound (USDJPY) US Dollar JPY.

USD CAD) U.S. Dollar Canadian Dollar.

EUR JPY) Euro Japanese Yen.

EUR AUD) Euro Australian Dollar.

EUR CAD) Euro Canadian Dollar.

NZD JPY) New Zealand Dollar Japanese Yen.

AUD USD) Australian Dollar US Dollar.

AUD JPY) Australian Dollar Japanese Yen.

AUD NZD) Australian Dollar New Zealand Dollar.

NZD USD) New Zealand Dollar US Dollar.

GBP JPY) POUND STERLING YEN.

GBP, CHF), GBP, CHF, and Swiss francs.

For example, the disk is based on the US dollar, so all transactions that are directly linked to the US dollar are straight. For example: USD EUR USD AUD USD GBP USD NZD USD CHF USD JPY USD CAD These all appear in US dollars, which are straight.

Conversely, currency pairs that are not pegged to the US dollar in this transaction are crosses. For example: EUR GBP AUD JPY AUD CAD, there is no direct involvement of the US dollar in these transactions.

Doo Prime recommends that investors, especially novices, should mainly trade straight currency pairs when trading foreign exchange, and do not recommend trading cross currency pairs.

1. In the modern economic society, money includes:

2. Coins: A kind of small denomination of auxiliary coins. It is copper, aluminum, nickel, etc.

3. Paper money: a kind of legal tender, which is the currency of compulsory circulation. The basic power to issue banknotes is owned by the bank.

4. Deposit currency: refers to the demand deposit of commercial banks that can be withdrawn at any time, and it is also known as demand deposit.

5. Time deposits and savings deposits: deposits that can be withdrawn after a certain period of time and can earn interest. These deposits, although not available in the form of cheques, are usually converted into cash with advance notice to the bank.

In addition, the emergence of negotiable withdrawal orders (NOW) and automatic transfer services (ATS) since the 70s of the 20th century have narrowed the difference between time deposits and demand deposits. As a result of this narrowing of the gap, time deposits and savings deposits have also become a currency.

6. Quasi-currency: refers to assets that can perform the function of store of value and can be easily converted into a medium of exchange, but are not yet a medium of exchange. For example, financial assets such as ** and bonds are quasi-currencies.

7. Monetary substitution: refers to something that can temporarily perform the function of a medium of exchange, but cannot perform the function of a store of value. Credit cards, for example, are an alternative to currency.

1. The type of currency refers to the name of the currency of all countries in the world today. Each country has its own currency, which comes in a wide variety of varieties and has different names. From the perspective of international** payments, they can be broadly divided into two categories: freely convertible currencies and non-convertible currencies.

2. Currency (CCY) is a tool for measuring the best goods, a medium for purchasing goods, a means of preserving wealth, a contract between the owner of property and the market on the right of exchange, and an agreement between the owner in essence. "I give what I have to the market in exchange for what I need", currency is the agreement of this process, which reflects the economic cooperation between the individual and the society.

1. Physical currency.

Refers to physical goods that have an equal value for non-monetary purposes and a value for monetary purposes. Commodities that can act as physical money have the characteristic of being buried in balance:

general acceptance; Stable value; value mean separability; Lightweight and portable. Obviously, metals in general possess these characteristics, so among the types of physical money, metal money is the most representative.

2. Substitute currency.

Generally, it refers to the metal currency or metal bar made of paper in exchange for physical objects, and its own value is the value of the currency it replaces. The advantages of substitute currency over physical currency are mainly as follows: the cost of printing paper money is lower than that of minting metal; ②

It avoids the wear and tear of metal currency in circulation, and even intentional grinding, which can save money; Overcome the cost and risk of shipping currency. Of course, substitute currencies also have some disadvantages, such as being easily damaged and easy to counterfeit.

3. Credit currency.

Credit money was born in the 30s of the 20th century, due to the worldwide economic crisis, many countries were forced to break away from the gold standard and the silver standard, the issued paper money can no longer be exchanged for metal money, credit money came into being.

As a general medium of exchange, credit money requires two conditions: first, people's confidence in this currency; The second is the legislative guarantee for currency issuance. One is indispensable.

Credit money can be divided into the following forms: Auxiliary currency. Its function is to act as an intermediary in small or sporadic transactions, mostly made of base metals.

Cash or banknotes. The main function is also to serve as a means of purchasing people's daily necessities, generally with a means of circulation, and its issuance right is ** or exclusive to financial institutions. Bank deposits.

Also known as debt money, depositors can use cheques or other payment instructions to deliver their deposits to others as a medium of exchange for goods.

4. Electronic money.

Electronic money usually refers to financial activities carried out using computers or stored value cards. Holding this stored value card is like holding cash, and each purchase can be deducted from the deposit amount of the card. While electronic money is convenient, there are also some problems, such as how to prevent electronic money from being stolen, how to keep personal credit confidential, etc.

Therefore, the full application of electronic money will require a period of technological progress and the improvement of other safeguards.

5. Banknotes. As the current currency, paper money performs the functions of value scale, means of circulation, means of payment, and world currency. Under the current monetary system, that is, the paper money standard, these functions of paper money start from its replacement of the function of the means of circulation, and then gradually develop.

1. Is it illegal for a merchant to refuse to accept cash?

It is illegal for a merchant to refuse to accept cash. In accordance with the relevant provisions of the Regulations of the People's Republic of China on the Administration of Renminbi, Renminbi, as the legal tender of the People's Republic of China, is used to pay all public or private debts within the territory of the People's Republic of China, and no entity or individual may refuse to accept them. The RMB mentioned here refers to the currency issued by the People's Bank of China in accordance with the law, including banknotes and coins, that is, cash.

Therefore, it is illegal to refuse to accept cash.