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The advantages of currency trade are:
It can be divided into smaller units of wealth or value
It is portable since it is not bulky, hence it can be carried from one place to another
It is a measure of value, determining the worth of certain goods and services
It has intrinsic value as currencies ate generally made from precious and rare metals such as gold and bronze
It is possible to store wealth since money is a store of wealth or value
The disadvantages of currency trade are:
The value of currency may fluctuate depending on the strength of a country’s economy
Dana05 answered the question on May 23, 2019 at 09:21
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