The term 'Soft Currency' refers to a currency that:
A. Is widely accepted internationally and remains relatively stable
B. Is only the US dollar
C. Is not widely accepted in international transactions and may be subject to instability or limited convertibility
D. Is backed only by gold
Answer: Option C
Solution (By JKSSB Mock Tests)
A soft currency is one that is less widely used in international trade and finance and may experience greater volatility or convertibility restrictions compared with hard currencies.
Explanation:
The gig economy refers to labour markets characterised by short-term contracts or freelance work, frequently organised through online platforms that match workers with individual tasks or projects.
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