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Essay

Gold Standard Foreign Exchange Market

Essay specific features

 

Issue:

Business

 

Written by:

Therese G

 

Date added:

August 28, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1233

 

Was viewed:

7271 times

 

Rating of current essay:

 
Essay content:

As stated in chapter 5 of International business, 10th edition, “the gold exchange standard, established at Bretton Woods after World War II, worked until the 1970’s when it collapsed due to inflation and the surplus of U.S. dollars held outside the United States.” They used gold because its rarity, durability, and the general ease of identification through its unique color, weight, ductility and acoustic properties...
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Gold is an internationally recognized commodity, which is why there are still holdings of gold. Gold has held its high standard and people use it for jewelry, coinage and other purposes. When Bretton-Woods was abandoned in the 1970's, market forces of supply and demand controlled exchange rates. The main characteristic of this period was an extreme precariousness, which led to market deregulation, open trade and a rise in speculators...
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General issues of this essay:
Exchange Market Foreign Exchange Management Foreign Exchange Market Summary Foreign Exchange Market/Gold Standard Summary Foreign Exchange Markets Now and Then Foreign Exchange Markets Foreign Exchange Reserve Foreign Exchange market Foreign Exchange Foreign Exchange Forward Currency Exchange Market Gold Standard Foreign Exchange Market Introducing New Product into Foreign Market The Foreign Exchange Market Study Of Relationship Between Foreign Exchange Market &Amp;Amp; Stock Market
 

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