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. ...
He currently one of the richest Kids in Nigeria with an estimated net worth of $23,000 dollars. Is Zlatan richer than Naira Marley? From the duo net worth above, it is clear that Naira Marley is richer than Zlatan With $200,000 Dollars. But when it comes to endorsements and awards, ...
The gold standard is a monetary system in which paper money is freely convertible into a fixed amount of gold. In other words, in such a monetary system, gold backs the value of money. Between 1696 and 1812, the development and formalization of the gold standard began as the introdu...