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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.
A deposit account that pays interest.
to many to count... 100 dimes 1 quarter. 41 quarters. 50 dimes 21 quarters
in the late eighteenth century
First bank of the united states. He was the first Secretary of the Treasury.
...inflation
the company invests money collected from employers
households, individuals, and businesses
NASDAQ
A check, a debit card, or an automatic (electronic) payment authorization.
yield
Granitic strips in the ocean floor ...
Novanet
Not at any bank I'd bank at it won't.
It is a way for investors to avoid paying a future higher price of a stock.
NOVANET
face value
Capital markets
Primary Market
Higher risk investments have a higher potential return.
because
mutual fund
Failing to pay back a student loan can have negative consequences. It can negatively effect your credit score.
