What Are The Advantages And Disadvantages Of Metallic Money?
Why was it phased out in the olden times?
You can search this site for the occupancy "fiat money" and find many answers there. Basically, the silver and gold standards guarantee that within is a valuableable trade item to back up the value of currency. Paper currency (fiat money) is issued by government and dependent upon the governed body in their governing power. Fiat money allows for greater trade latitude (import/export), whereas gold and silver base currency relies not on government confidence, but on actual possession of resource.
It is interesting to note that throughout history, all leading economic systems in major societies depending upon fiat money hold failed.
How To Write A Letter Of Appeal After Dismissal At Work?
I am writing in regards to my dismissal from Marks and Spencer. I got dismissed on 12/06/2009 on the grounds of applying for topical discount card despite having my discount card taken away from me for the duration of employment with M&S for previous...
How can a 12 year dated invest surrounded by the stock flea market?
In the United Kingdom, it's illegal for a 12 year old to actually invest within the stock market. This is because no one below 18 would be permitted to hold any company shares or the like surrounded by their own name....
A $100.00 Check That Is Cashed At A Rate Of 7.00 Dollars, At What...
Percentage Charged = ($7.00/$100) = (7/100) = 0.07 = 7% A 7% rate .