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☆☆☆☆☆The basing of a currency on gold. In some sense in such a system, gold IS the currency and money is a symbol for a corresponding amount of gold, backed by the issuer - i.e. the bank promises that by some means you are always able to exchange X of its currency for Y gold, and vice versa.
No country still uses the gold standard - modern currencies are free floating with their value determined by local markets and exchange rates with other currencies.
Even so, national governments still usually carry large gold reserves as a holdover from the time when they needed them as a physical guarantee. Gold has remained valuable over thousands of years so it can always be sold as needed for any currency (including its own) that a country might need, or bought to safely store wealth.
A currency system in which each dollar is worth 1/20 of an ounce of gold (gradpoint)
Standard and Poors is one of the 3 premier Credit Rating Agencies in the world.
to many to count... 100 dimes 1 quarter. 41 quarters. 50 dimes 21 quarters
in the late eighteenth century
Reduces risks to investors
households, individuals, and businesses
Real Estate
It's actually called a call option. I will provide you with a definition I just found for this, and some additional tips on options trading.
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The option to sell shares is a put. The option to buy them is a call.
yield
It is a way for investors to avoid paying a future higher price of a stock.
NOVANET
Capital markets
Primary Market
because
mutual fund
where was salt used as commodity money
a primary market is financial assets that can be redeemed only by the original investor; a secondary market's assets can be resold
