41.The term for an exchange rate system where the currency is inconvertible is:a.the gold standard.b.exchange controlsc.domestic price controls.d.a verbatim currency system.42.One of the ways governments control capital inflows and outflows is by:a.regulating imports.b.regulating exports.c....
Commodity money, such as gold or silver, is vulnerable to volatility if the market for the underlying asset changes. For example, a currency backed by gold could see a sharp drop in purchasing power if the supply of gold suddenly increased due to new mining activity. Conversely, a change in...
The most important difference is a gold bar is an unmonetized chunk of bullion and a gold coin is a monetized gold piece that was legal tender currency when it was struck. In other words, gold bullion bars are subject to the current gold price, and gold coins have an inherent monetary ...
True or False: 1) CURRENCY EXCHANGE RATES ARE FIXED TO THE US DOLLAR 2) CENTRAL BANKS BUY GOLD DURING CURRENCY RUNS 3) THE YUAN AND RENMINBI ARE SYNONYMOUS 4) RECESSIONS CURE INFLATION 5) INFLATI A gold standard used for currency exchange is a type of fixed e...
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Using gold as an example, what is the difference between commodity money and commodity-backed money? What is the advantage of using fiat money as a currency? What is its disadvantage? What is the exchange value of a commodity? Historically, what commodities tended to become money?
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At FBS, the average spread for one of the most popular currency pairs, the EUR/USD, is 1 pip. Floating starting from 0.2 pip Trading without spread – the fixed spread of zero pip The value and the spread are determined by the account type used by the user Comparison of XM and FBS ...