The Gold Standard and Foreign Exchange
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This paper examines the gold standard and the role of foreign exchange markets in today's economy. It further discusses and gives background information on the gold standard. The establishment of the International Monetary Fund (IMF) in 1945is also highlighted. The paper concludes with a look at speculators and the foreign exchange market.
From the Paper:"Because each nation-and now the European Community-issues its own currency, each currency is worth something different in relation to every other currency in the world. Economies which have strong economies generally have strong currencies, which is why today's currency markets are dominated by the yen, the American dollar and the euro. At some point in history enterprising traders devised ways to trade not in goods or services from one country to another but in the currency of various countries. Derided as..."
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The Gold Standard and Foreign Exchange (2008, December 01) Retrieved November 25, 2020, from https://www.academon.com/term-paper/the-gold-standard-and-foreign-exchange-122574/
"The Gold Standard and Foreign Exchange" 01 December 2008. Web. 25 November. 2020. <https://www.academon.com/term-paper/the-gold-standard-and-foreign-exchange-122574/>