Consider the following scenario: You have been asked by a local college to write a lecture that explains the gold standard and addresses the functions of the world's major foreign exchange markets.

Question

Write a 1,050 to 1,400 word summary detailing the functions of the world's major foreign currency exchange markets. Discuss the positive and negative aspects of using a gold standard.

Answer 1

Check these articles.

http://en.wikipedia.org/wiki/Gold_standard

http://economics.about.com/cs/money/a/gold_standard.htm

http://www.econlib.org/library/Enc/GoldStandard.html