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2006-11-22 01:19:00 · 6 answers · asked by Anonymous in Education & Reference ➔ Words & Wordplay
In addition to meaning physical banknotes and coins, "hard currency" (or "hard cash"), in economics, it basically means any money or currency that investors have confidence in. A politically stable country with low inflation rates and high revenue and has a high "trade weight" have hard currency, such as the US Dollar, the pound sterling (UK) or the Japanese Yen.
2006-11-22 01:44:31 · answer #1 · answered by Companion Wulf 4 · 0⤊ 0⤋
Great question.
The short answer is that it means 'concrete' or 'physical', in that if you're holding it it's hard cash, and if you're writing a cheque or whipping out a card, the physical notes / coins aren't present.
However, the notes aren't worth anything if you don't trust a bank to redeem them in gold, silver, gems or other. We don't expect this lately, but there have been runs on currency in the past which make us think that banknotes aren't hard, either.
If you're asking for school, forget the implications and content of the second part. If not, think on't.
2006-11-22 09:21:09 · answer #2 · answered by Minmi 6 · 0⤊ 0⤋
Think coins :-) That is, pure cash, no checks or letters of declaration that cash will be provided etc.
2006-11-22 09:23:56 · answer #3 · answered by july 2 · 0⤊ 0⤋
"hard" cash are coins, lots of coins.
and these lots of coins are not easy to come by.
mercury of love
2006-11-22 09:26:42 · answer #4 · answered by mercury of love 4 · 0⤊ 0⤋
cash in the hand or in your pocket.
2006-11-22 09:26:07 · answer #5 · answered by Snuffy Smith 5 · 0⤊ 0⤋
something "concrete" or something that you can put your hands on
2006-11-22 09:26:19 · answer #6 · answered by flamingogirl0608 2 · 0⤊ 0⤋