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The Gold Standard. As of 2014 no nation uses a gold standard as the basis of its monetary system, although many hold substantial gold reserves.
What else can I help you with?
What is the term for the use of gold as a nations currency?
The Gold Standard. As of 2014 no nation uses a gold standard as the basis of its monetary system, although many hold substantial gold reserves.
Does Egypt use gold for money?
No they dont use gold as currency.. they have the Egyptian pound gold, though, is very valuble as it is everywhere...
Why gold is useful for humans?
Humans use gold for a variety of reasons, not the least of which is the jewelry industry. Gold has historically been used as currency or as a backing for currency. Gold is also used in electronics and audio components.
What kind of money did people use in 1713?
currency backed by gold
Why use coins as currency than gold bars?
They are more portable.
What currency did rome use before the euro?
The currency of Italy is the Euro (€).
What money did they have in ballarat?
If you are referring to the Gold Rush times, they had the same currency as they did in England at the time. Now we use the Australian currency.
What did ancient Egyptians use as their currency?
Egyptians used gold currency The earliest money that we know about was made of pure gold and dates back to the 3rd millennium BC in Egypt. The gold had standardised weights and values.
What is the history of gold coinage?
the Romans were the first people to make gold coins as they were the first to use currency as well
What does G stand for in Harvest Moon DS?
It stands for gold, the currency they use.
What did the ancient Egyptians use as their currency?
Egyptians used gold currency The earliest money that we know about was made of pure gold and dates back to the 3rd millennium BC in Egypt. The gold had standardised weights and values.
What term did Wallerstein use to describe nations that are econmically depent on other nation trade?
semiperiphery nations
