answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What are the monetary units of the world?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

Use of both gold and silver as monetary units?

Bimetallism


What is the use of both gold and silver as monetary units?

Bimetallism.


What are monetary transactions?

Most transactions recorded by the system are monetary transactions, where the units involved make or receive payments, or incur liabilities or receive assets denominated in units of currency. Transactions that do not involve the exchange of cash, or assets or liabilities denominated in units of currency, are non-monetary transactions. Intra-unit transactions are normally non-monetary transactions. Non-monetary transactions involving more than one institutional unit occur among transactions in products (barter of products), distributive transactions (remuneration in kind, transfers in kind, etc.) and other transactions (barter of non-produced non-financial assets). The system records all transactions in monetary terms. The values to be recorded for non-monetary transactions must therefore be measured indirectly or otherwise estimated. hope this helps?


What policies is the IMF in favor of?

The IMF or International Monetary Fund, is in favor of policies that help trade relations between countries. Their main goal is to improve trade relations and help to make the monetary units equal in value for exports and imports.


Who controls monetary and fiscal policy?

No one controls it. It is a combination of factors that figures into monetary and fiscal policy. There are world factors, the price of gold, world stock markets, wars, and other things determine policy.