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Topic: Business
Number of pages / Number of words: 4 / 1042
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Dollars they would receive British pounds in an amount equal to how many ounces of gold they could acquire in England.

This gold standard system was not only stable but it also had the trust of all nations. Gold has had a long history of value and its value is very easy for average citizens to understand and trust (van Eeden)...


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The use of a gold standard also helped currencies remain fairly constant in value as re-pricing of currencies, against gold, was rarely done (FRB New York). However, there were problems with the gold standard as time passed.

First, gold costs money to produce, which the gold standard did not account for (Bordo)...


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Analysing Foreign Markets Foreign Exchange Bangladesh Foreign Exchange Management Foreign Exchange Market Summary Foreign Exchange Market/Gold Standard Summary Foreign Exchange Markets Now and Then Foreign Exchange Markets Summary Foreign Exchange Markets Foreign Exchange Reserve Foreign Exchange market Foreign Exchange Gold Standard Foreign Exchange Market Hedging Foreign Exchange Exposure The Foreign Exchange Market Hosting Foreign Exchange Students

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