Is there a difference between the US dollar and the US dollar What is the specific difference

Updated on technology 2024-07-02
8 answers
  1. Anonymous users2024-02-12

    There is no difference. The U.S. dollar is another name for the U.S. dollar, which is the legal tender of the United States. The dollar banknotes currently in circulation are editions of banknotes issued since 1929.

    It appeared after the passage of the U.S. Minage Act in 1792. Currently, the issuance of the US dollar is controlled by the US Federal Reserve System. Since 1913, the United States has established a federal reserve system and issued federal reserve bills.

    More than 99% of the banknotes currently in circulation are Federal Reserve Bills. The issuing authority for the US dollar is the Congress, and the Federal Reserve Bank is responsible for the specific issuance business. After World War II, the United States forced the major European powers to agree that the U.S. dollar must be used for international currency settlements, so the U.S. dollar was widely used as a reserve currency in countries other than the United States.

  2. Anonymous users2024-02-11

    Why the US dollar is also called the US dollar starts with the Bretton Woods system.

    The Bretton Woods system was first introduced near the end of the Second World War. In July 1944, more than 300 representatives from 44 countries convened the "United Nations International Monetary and Financial Conference" in Bretton Woods, New Hampshire, United States, and adopted the "Final Resolution of the United Nations Monetary and Financial Agreement" and the two annexes to the "International Monetary Organization Agreement" and the "International Bank for Reconstruction and Development Agreement", collectively known as the "Bretton Woods Agreement", thus establishing the Bretton Woods system centered on the dollar.

    The core elements of the Bretton Woods system include: the establishment of the International Monetary Organization** to negotiate on international monetary affairs and provide financing support for the short-term balance of payments deficits of member countries; The U.S. dollar is directly pegged to **, and the currencies of various countries are pegged to the U.S. dollar (i.e., "double peg"), and an adjustable fixed exchange rate system is implemented; Abolition of foreign exchange controls on current account transactions, etc. As a result, the Bretton Woods system established two major international financial institutions, the International Monetary Organization (IMO) and the International Bank for Reconstruction and Development (World Bank).

    The International Monetary Organization (IMO) is responsible for providing short-term funding to member countries to ensure the stability of the international monetary system; The World Bank provides long-term credit to promote the recovery and development of the world economy. These two institutions are in operation today.

    The Bretton Woods system has promoted the stable development of international finance through the implementation of a direct peg between the US dollar and a fixed exchange rate system, and has provided favorable conditions for international expansion and world economic growth. However, the Bretton Woods system also has its own inherent shortcomings, which are mainly manifested in the contradiction between the international reserve status and international solvency of the US dollar, the asymmetry of policy coordination between reserve currency issuers and non-reserve currency issuers, and the dilemma between internal and external objectives under the fixed exchange rate system. With the development of the world economy, these inherent flaws are gradually exposed.

    In the 60s and 70s of the 20th century, after experiencing a number of dollar crises, marked by the Smithsonian Agreement in December 1971, the dollar depreciated against **, and at the same time, the United States refused to give foreign ** banks, and the gold standard under the Bretton Woods system existed in name only. In February 1973, the dollar depreciated further, and the major currencies were forced to implement a floating exchange rate system under the impact of speculative forces, and the Bretton Woods system collapsed completely. After that, the international financial situation was turbulent until 1976, when the international community reached a "Jamaican system" with the legalization of floating exchange rates and the demonetization of ** as the main contents.

    However, the Jamaican system is not a rigid institutional arrangement, it is a laissez-faire system with neither a standard nor a modest growth constraint, nor a balance-of-payments coordination mechanism, which is called a "systemless system". After the collapse of the Bretton Woods system, the International Monetary Organization and the World Bank remained as important international organizations.

    Because of this history of pegging the US dollar to **, it is customary to refer to the US dollar as the US dollar.

  3. Anonymous users2024-02-10

    It's all one currency! Dollars!

  4. Anonymous users2024-02-09

    There is no difference, the dollar is the dollar, the dollar is the dollar, in English, they are all "United States dollars", but in our China, the names are according to their respective calling habits, some are translated as dollars, some like to call "dollars", and some like transliteration, and the result is a "American knife", anyway, you see which one is pleasing to the eye, speaking of which, it all means the same thing: the currency of the United States.

    Another digression: I found that only the currency of the United States is called "gold", and the money of any other country is not called "x gold". Can you understand the Japanese gold?

    It's almost the same as the daily gold fight), these are all counted, there are only two countries' currencies, which can never be called "x gold", one is the United Kingdom, and the other is Vietnam, otherwise it must be a large group of people on the spot.

  5. Anonymous users2024-02-08

    Second world war.

    Later, the United States has a large number of ** reserves.

    And the strongest economy, the dollar is pegged to **. Countries agree to an official $35 per ounce set by the United States, with a content of grams per dollar, each country or bank.

    It is possible to exchange with the United States on an official basis.

    The status of the US dollar is gradually equated with **, and it is customary to refer to the US dollar as US dollars.

    The U.S. dollar is more suitable for formal written language, while the U.S. dollar is more focused on oral or less formal and serious situations.

  6. Anonymous users2024-02-07

    1.Different. The "U.S. dollar" is the name of the U.S. currency.

    The "U.S. dollar" is the name used by the U.S. currency in the form of minted gold coins.

    "Dollar" and "dollar" are different expressions for different periods.

    U.S. dollar (U.S. dollar currency abbreviation: USD; ISO 4217 Currency**: U.S. dollar; Symbol: usa$) is the legal tender of the United States of America. Currently, the US dollar banknotes in circulation are various banknotes issued since 1929.

    Appeared after the passage of the U.S. Minage Act in 1792. Currently, the issuance of dollars is controlled by the US Federal Reserve System. Since 1913, the United States has established a Federal Reserve System and issued Federal Reserve Certificates.

    More than 99% of the banknotes currently in circulation are Fed banknotes.

    The issuing agency for the U.S. dollar is Congress, and the specific issuance is handled by the Federal Reserve Bank, a bank. After World War II, continental European countries reached an agreement with the United States to use the U.S. dollar for international payments. Since then, the U.S. dollar has been widely used as a stocking currency outside of the United States and eventually became an international currency.

    2.Same. What is the difference between USD and USD? As far as money is concerned, there is no difference between the two. However, in official statements, the name of the dollar is used, and the dollar is more colloquial.

    Although paper money was popular in the United States in the 19th century, it was only for portability and was only valuable in people's minds. Banknotes are accepted because they can be exchanged for ** at any time.

    At that time, the $20 note was marked with the words "The United States of America redeems the $20 for the bearer" (i.e., ** at the time), and the note was signed by the Secretary of the Treasury and the bank** as a sign of solemnity.

    It is precisely because the US dollar can be exchanged for ** that the US dollar is customarily called the US dollar. By 1934, the United States abolished the gold standard with ** in favor of the dollar. Since then, dollar banknotes have not been able to be exchanged for **, currency, but people are still accustomed to the name dollar.

  7. Anonymous users2024-02-06

    1. There is no difference between the US dollar and the US dollar, but the name is different.

    2. The U.S. dollar is the legal tender of the United States, and the reason why it is called "U.S. dollars" is because the Bretton Woods system in July 1944 stipulates that countries must recognize the official price of 35 U.S. dollars per ounce stipulated by the United States, and can exchange U.S. dollars for the United States at the official price, which means that the U.S. dollar is directly linked to the U.S. dollar, so the U.S. dollar is also called "U.S. dollar".

  8. Anonymous users2024-02-05

    There is no difference between US dollars and US dollars, US dollars = US dollars.

    By the end of World War II, Italy had surrendered, Germany had turned to strategic defense on the Eastern Front, Japan had lost the ability to conduct large-scale campaigns in the Pacific, and their domestic economy was close to collapse; The economic power of Britain and France was also severely damaged by the war.

    The situation of the Soviet Union was the same as that of Britain and France, and the Third Five-Year Plan was invaded by fascist Nazi Germany before it was completed; Only the United States made a fortune in the war, and its economy developed like never before. ** A steady stream of inflows into the United States, which in 1945 accounted for 60% of the gross national product of all capitalist countries.

    The United States' reserves increased from $100 million in 1938 to $100 million in 1945, accounting for about 59% of the world's reserves and equivalent to 3 4 of the entire capitalist world's reserves, which made it ascend to the position of the capitalist world alliance. In this situation, an international monetary system centered on the US dollar was formed after World War II.

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