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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1067 |
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Other major countries joined the gold standard in the 1870s. The period from 1880 to 1914 is known as the classical gold standard. During that time the majority of countries adhered (in varying degrees) to gold. It was also a period of unprecedented economic growth with relatively free trade in goods, labor, and capital...
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(Bordo ¶1)
Let us move on to the Foreign Exchange Market or FOREX. This is the current system used to exchange trillions of dollars every day. It is open 24 hours a day and is the “world’s largest and most liquid market in the world.†(Structure of the foreign ¶1) You ask what is the advantage of the Foreign Exchange Market...
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