gold reserve
The national central bank holds the gold reserve to back the use of paper money. The gold is a security measure that allows the trust of the paper money having worth. Paper money is a note for trading that is used in place of gold.
It is when a government takes over the bank or any other privately held company. This is also called central planning, but better known as socialism.
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The term national bank is confusing, since it sometimes is used in the same way as 'central bank.' A central bank is responsible for controlling a country's supply of money and setting other monetary policy. However, many privately-held banks also have 'national' in their name, but are not central banks.
If a large amount of gold is closely held, it may be called a hoard of gold.
Of the 120,000 tons of total mined gold, approximately 33,000 tons are held by central banks as official stocks. The remaining 87,000 are held privately
it will be declared on 10/08/09
An example of representative money would be a gold certificate issued by a bank that can be exchanged for a specific amount of gold. These certificates are backed by the gold held by the bank and can be used as a form of currency.
About 25 to 26 % of world's gold is held at Federal Reserve Bank of New York.abcnews.go.com/Business/story?id=5835433&page=1
The maximum amount that can be held on a single toon is 214748 gold, 36 silver and 47 copper. This does not include gold that is held in a guild bank on a banking toon, mail, or incoming mail from the auction house.
The central area where gladiatorial contests were held is simply called harena, or the arena. This is a Latin word that means "sand", but also can connote any place where a contest is held.
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