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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.
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Name two reasons that European nations needed gold?
they wanted to be rich and use it as a means to store and measure wealth because they believed that gold was a rock valuable and that it was difficult to find it any where in the world.
What is the worlds oldest currency?
The world's oldest currency still in use is Pound Sterling (The currency of the United Kingdom).
What currency do France use?
They use euro' but used to use Franc's
What type of currency did Spain use in the 1500s?
Dogs and Cats. They were very rare at the time and a great form of currency.
What currency do the people in North Korea use?
They use the North Korean Won.
What is the term for the use of gold as a nation's 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.
Why use coins as currency than gold bars?
They are more portable.
What kind of money did people use in 1713?
currency backed by gold
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 does G stand for in Harvest Moon DS?
It stands for gold, the currency they use.
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 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
