Fiat Papers

  • International Business

    1357 words, 6 pages

    Foreign Exchange Market Summary (Enter Name) (Enter School Name) INB 205 – International Business (Enter Teacher) (Enter Date) World currencies are the most highly traded item on the global market, and gold is the most sought after and valued metal that always holds its value. Prior to 1931 gold was used as a form of back up for the value of currency. Many nations used gold as the foundation for their currency. However, now world currencies are no longer backed by gold reserves. Currencies are traded globally and now hold their strength in their trading value, yet gold i

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