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LSDefine

Simple English definitions for legal terms

soft currency

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A quick definition of soft currency:

A soft currency is a type of money that is not backed by reserves, which means its value can change quickly and unpredictably. This is different from hard currency, which is backed by reserves like gold and silver. Soft currency can be risky to use because its value can decrease rapidly, making it less valuable for buying goods and services. Examples of soft currency include some types of digital currency and certain currencies used in developing countries.

A more thorough explanation:

Definition: Soft currency is a type of currency that is not backed by reserves, which makes it subject to sudden changes in value.

  • The Zimbabwean dollar is an example of soft currency. In 2009, the government had to abandon the currency due to hyperinflation, which caused its value to plummet.
  • The Venezuelan bolívar is another example of soft currency. In recent years, the country has experienced high inflation rates, which have led to a significant devaluation of the bolívar.

These examples illustrate how soft currency can be unstable and unpredictable, which can make it difficult for people to use it as a reliable medium of exchange.

SOF | soft dollars

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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