Write a 1050-to 1400-word summary detailing the functions of the world’s major foreign currency exchange markets. Be sure to discuss the positive and negative aspects of using a gold standard.
could you please give me a better understanding.
- INB - DrBob222, Tuesday, July 14, 2009 at 10:22pm
INB - scooby9132002, Tuesday, July 14, 2009 at 10:24pm
INB - Ms. Sue, Tuesday, July 14, 2009 at 10:26pm
These sites will help you understand this subject better.
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When you consider money is paper or inexpensive coins -- its value is whatever the market says it is. The gold standard guarantees that a certain amount of gold is represented by each bill of paper money.