USD

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DEFINITION of 'USD'

In currencies, this is the abbreviation for the U.S. dollar.

BREAKING DOWN 'USD'

The currency market, also known as the forex market, is the largest financial market in the world, with a daily average volume of over US$1 trillion.

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RELATED FAQS
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    There are many official currencies that are used all over the world, but there only a handful of currencies that are traded ... Read Full Answer >>
  2. How is spread calculated when trading in the forex market?

    First, remember that in the forex markets investors trade one currency for another. Therefore, currencies are quoted in terms ... Read Full Answer >>
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    Perhaps the most famous quote associated with blockchain technology came from an anonymous virtual currency user, who described ... Read Full Answer >>
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    Any company that does a substantial amount of business in foreign countries, and is therefore subject to foreign currency ... Read Full Answer >>
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    In the modern world, most currencies represent fiat money not backed by any commodity or precious metal and whose value is ... Read Full Answer >>
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    Double-spending – the incidence of one individual successfully spending a Bitcoin balance more than once – is a major concern ... Read Full Answer >>

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