And that is amazing brand new Euro is actually Medium out of Membership (prices are quoted into the Euros) and you may Average out of Exchange (every other products are traded having Euros).
Sensible Canadian Effort
Now suppose big brother raises a new currency (refer to it as “Drachmas”). They brings up the fresh new money if you are paying pensions thru helicopter. Nevertheless Drachmas don’t displace the Euros. New Euro remains given that typical away from account. Prices are gooey in terms of Euros, although rate of exchange ranging from Drachmas and you can Euros are well flexible, so prices are really well flexible when it comes to Drachmas. Continua a leggere