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Essay

Foreign Exchange Markets Now and Then

Essay specific features

 

Issue:

Business

 

Written by:

Mary W

 

Date added:

November 14, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1067

 

Was viewed:

4669 times

 

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Essay content:

This is still trading but instead it is trading goods for other goods this is trading goods for money. What happens when you decide to trade internationally? How can your tribe or country’s money compare to others’ worldwide? This is where the “Gold Standard” comes into effect. Finally something that is worth the same everywhere will base how much your broken-down monetary system is worth...
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Today we have the Foreign Exchange which does trillions of dollars a day in monetary trading, but first let us start from the “Gold Standard” to learn how it started. The “Gold Standard” is a way to trade internationally for goods and products. Let us say that $20 USD can buy 1 ounce of gold and 200 Yen can buy 1 ounce of gold...
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