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When the government prints paper money without the gold to back it up, the result is inflation.
When a government prints paper money without anything to back it up, inflation results. The money becomes worthless.
Well when your government prints more money, they still have the same amount of gold, so the gold is worth less of your country's money. The same applies to food and other items. As money is worth less, it buys less things
It prints it!
That will cause inflation. I.e increase in general price of commodities in the market
When the government prints paper money without the gold to back it up, the result is inflation.
When the government prints paper money without the gold to back it up, the result is inflation.
When a government prints paper money without anything to back it up, inflation results. The money becomes worthless.
Answer: No, too bad for the country. It just makes money less valuable.
Well when your government prints more money, they still have the same amount of gold, so the gold is worth less of your country's money. The same applies to food and other items. As money is worth less, it buys less things
Because central bank, reserve bank, or monetary authority is an institution that manages a nation's currency, money supply, and interest rates. it is the mother of all financial institution within the country it is the monetary policy maker. all country has its own central bank. yeah its true that the central bank prints money but only prints when there is a lot of gold reserve in the bank/
The money is no good. It is just paper. Money needs to have a solid value behind it.
The Treasury Department prints money. It is part of the Executive Branch.
When the government prints paper money without the gold to back it up, the result is inflation.
It prints it!
In order to finance a war, the government prints a great deal of money without gold to back it up. This will eventually lead to hyperinflation.
That will cause inflation. I.e increase in general price of commodities in the market