How is the value of a currency calculated? Who sets it?
supply and demand mostly?
t. still newfag
>>2014002
It's compared to a basket of goods.
marketcap
>>2014002
>that below average slob
>cute
that's some really low standards m8
>>2014002
Primarly GDP
Nominal GDP is just all the money in an economy, Real GDP is the real value of the economy once you factor out inflation which is purely the money effect
And then supply and demand in the exchange market as well