international organizations like theWorld Trade Organizationare actively working to close what's called the "trade finance gap." The goal is to bring more global commerce within this structured system, making international trade more accessible and helping producers in developing countries ...
The gold standard was completely replaced byfiat money, a term to describe currency that is used because of a government's order, or fiat, that the currency must be accepted as a means of payment. In the U.S., for instance, the dollar is fiat money, and in Nigeria, the naira is. ...