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Essay Available:
Pages:
4 pages/≈1100 words
Sources:
3 Sources
Level:
APA
Subject:
Mathematics & Economics
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 20.74
Topic:

Strengths and weaknesses of the gold standard. Research Paper (Research Paper Sample)

Instructions:

you will need to develop a thesis argument for your paper, expressing your own opinion/perspective about a specific aspect of that topic.
You should have at least 3 sources. Acceptable sources include newspaper articles, academic journals, business and government documents, etc. (NOT Wikipedia!)
Sources should be cited APA style, with in-text citations and a proper references page

source..
Content:


Strengths and Weaknesses of the Gold Standard
Name:
Institution:
Strengths and Weaknesses of the Gold Standard
In the 20th century, gold was accepted as the international monetary standard. As the international unit of account, the gold standard had four features that outline its strengths and weaknesses. The first feature was accepted as the international means of issuing receipts and making payments, in the sense that it was the international unit of account for trade between nations. The second feature was that national currencies were fixed against the value of gold, meaning that gold could be used as a national currency for domestic use at a specific fixed rate. Another feature of the gold standard is that it was an efficient way of forcing surplus adjustment or preventing extreme deficits. Lastly, the gold standard made it possible for central banks in different nations to buy or sell gold at a fixed rate. This paper will examine the features and outline the strength and weaknesses of the gold standard.

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