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.
3 answers
http://en.wikipedia.org/wiki/Foreign_exchange_market
thank you
These sites will help you understand this subject better.
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http://www.gocurrency.com/articles/forex-for-beginners.htm
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.
(Broken Link Removed)
http://www.gocurrency.com/articles/forex-for-beginners.htm
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.
1 answer