“Previously important decisions regarding the value of currency were

1.	“Previously important decisions regarding the value of currency were taken by sovereign governments are today made by market player and forces”. Comment with an example.
Answer» 1. Previously important decisions regarding the value of currency were taken by sovereign governments are today made by market players and forces. 2. In fact many of the MNCs have wealth exceeding the entire budgets of the developing country governments. 3. With such enormous wealth, imagine the power and the influence of these MNCs. 4. This is how the decision making powers of sovereign governments are at a risk.

“Previously important decisions regarding the value of currency were taken by sovereign governments are today made by market player and forces”. Comment with an example.

Answer»

1. Previously important decisions regarding the value of currency were taken by sovereign governments are today made by market players and forces.

2. In fact many of the MNCs have wealth exceeding the entire budgets of the developing country governments.

3. With such enormous wealth, imagine the power and the influence of these MNCs.

4. This is how the decision making powers of sovereign governments are at a risk.