A complementary currency is a currency that works in conjunction with a country’s national currency. Think about it like the complementary currency exists in the same way poker chips exist at Caesar's Palace. You can buy and sell the Caesar chips for the primary country currency, i.e. U.S. dollars, but the chips themselves aren't useful anywhere outside the magical kingdom of Caesar.
Now consider Bitcoins. Bitcoins are not a national currency and won’t replace the national currency, but a consumer can buy goods with Bitcoin.
Key note: in Massachusetts, there are Berkshares, a complementary currency accepted at over 400 stores in the Berkshire, MA area. Berkshares, however, are not good in the Berkshire Hathaway area of Omaha, NE.
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Finance: What is a Dual Currency Bond?33 Views
Finance allah shmoop what is a dual currency bond Well
a currency duel would be way cooler to bonds One
dusty road in the wild west a saloon a gal
and a gun plan retired or called are paid whatever
they call bonds when they're dead Anyway a duel currency
bond is a bond where the principal and the interest
payments are made in different currencies like here's a bond
whose principal is paid off in u s dollars But
its interest is paid in euros and yeah whatever currency
being used for interest payments is called the base currency
Well why would you the investor of want one of
these things Well dual currency bonds or subject to exchange
rate risk In other words you're making a gamble not
just on an investment but on which way the exchange
rate will bounce That is if you own something it's
highly exposed two euros while then you're kind of making
a bet that the relative to the dollar the euro
zehr gonna appreciate mohr like the government's printing less of
them You have less inflation whatever because then if that
repayment currency appreciates well boom you're more in the money
Than just the interest you collected And if that currency
doesn't appreciate well there's always bank robbery is a last 00:01:21.189 --> [endTime] resort dual currency dueling currencies No
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