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What else can I help you with?
Is the gold standard still in use?
of course you freak
How did the gold standard start?
No one really knows when the Us started using the gold standard, legend has it that Golorious Leader Thomas Jefferson started using the gold standard way back in the day. The estimated date of first use was 1784
How many countries belong to the European union relative to money?
If you mean how many countries in the EU use the EU currency, the Euro, the answer is 17.
Do countries in the Mediterrranean use the US dollar?
No. However, there is a black market trade in dollars in many foreign countries.
What was an effect of demonitizing silver?
Demonetizing silver led to a significant decline in its value and use as a standard for currency, which affected economies that relied on silver as a monetary base. This transition often favored gold-backed currencies, consolidating monetary power and creating economic disparities between nations that continued to use silver and those that adopted gold. Additionally, the shift contributed to increased volatility in global markets and affected trade dynamics, particularly in countries that were major silver producers.
Do some nations base the value of their money on their gold stores?
Yes, some countries use the gold standard for their economy.
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.
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.
What can gold be used for?
it can be used for many things , such as making jewllery, great ornamentions, Egyptian artifacts and so on and so on. Most gold exists as bullion bars-it has been the standard of currency for many countries. This is probably its most important use.
Why do 3 countries use standard measurement?
Actually, about 3 countries use non-standard measurements - the SI is the international standard.
Is the gold standard still in use?
of course you freak
Do most countries use metric system?
Yes, most countries around the world use the metric system as their standard system of measurement. The metric system is a decimal-based system that is widely adopted in many countries for its ease of use and consistency.
What does money represent?
Although money once represented a fixed amount of gold, most countries have dropped the gold standard. This means that money now does not represent anything. Its value comes only with the fact that there is fixed amount of it in the world, and people agree to use it as a measure of wealth.
What countries use the standard system?
Countries that commonly use the standard system of measurement include the United States, Liberia, and Myanmar. These countries typically use units such as inches, feet, pounds, and Fahrenheit for measuring length, weight, and temperature, respectively.
What are the important characteristics of Gold-Bullion Standard?
the gold bullion standard is another variation of th gold standard. the monetary unit is again defined in terms of a fixed quantitty of gold, however, instead of the gold being circulated as coins, paper money convertible into gold is used as the hand-to-hand currency. this system has the virtues of avoiding the losses resulting from the circulation of gold and conserving the domestic supply of gold for the settlement of international payments.under the gold bullion standard, paper currency can be converted into gold bullin. the standard unit currently in use weighs 400 ounces. in 1976, the use official price of gold was eliminated by internatinoal agreement.-Source: Money, Credit and Banking by C.M. Pagosohope this helps :)
In how many countries does the Standard Bank of South Africa operate?
The Standard Bank of South Africa is a very important bank to all that use it. In Africa where money is not as well organized compared to more developed countries, having a stable bank is extremely important. The Standard Bank of South Africa currently operates across 18 different African countries.
Can I use 100 percent whey protein standard gold before and after I work out?
yes
