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Chapter 3
Chapter 3

Chapter 3
Chapter 3

PowerPoint
PowerPoint

exchange rates
exchange rates

...  the Bretton Woods agreement, 1944 most major currencies were fixed against the US dollar  fixed exchange rates defined in terms of gold and the US dollar  currencies could only be adjusted by the IMF (devalued/revalued)  abandoned in 1971 (inflation - not enough gold to guarantee its currency) ...
International Payment flows
International Payment flows

2/18 - David Youngberg
2/18 - David Youngberg

Economic and Financial
Economic and Financial

... In 1944, the United Nations Monetary and Financial conference was held in Bretton Woods, New Hampshire. This conference sought to rebuild the world’s economic systems after World War II, and had a few key results. To start with, States were obligated to develop a monetary policy that maintained the ...
Chapter 3 The International Monetary System
Chapter 3 The International Monetary System

FM.2 Currency Exchange - hrsbstaff.ednet.ns.ca
FM.2 Currency Exchange - hrsbstaff.ednet.ns.ca

PPT
PPT

forwards
forwards

... month, 3 month, and 6 month forwards available. That is, the currency delivery date is one month (or 3 or 6 months) from the date of purchase. 2. Premiums (discounts): For a given currency, for example the Swiss franc, the forwards may be selling at premium or discount to the recent market or spot p ...
ECONOMIC DEVELOPMENT & INTERNATIONAL POLITICS
ECONOMIC DEVELOPMENT & INTERNATIONAL POLITICS

From Bretton Woods to the Euro
From Bretton Woods to the Euro

4.6 B More on Exchange Rates
4.6 B More on Exchange Rates

... occurs, this imbalance adjusts the exchange rate automatically to counteract that change.  But – regardless of how the CA is changing, International flows of money in the capital account may affect the exchange rate, and thus worsen the current account unintentionally. 2. No need to employ monetary ...
3.E Money in the European Union Middle School Lesson Plan
3.E Money in the European Union Middle School Lesson Plan

... Euros and will convert between other types of currencies. After some guided practice, students will work on the Currency Exchange Worksheet independently or in groups in order to practice using exchange rates. ...
Sheila Blair and Nina Smilow
Sheila Blair and Nina Smilow

AVOIDING AND MANAGING COMMON MISTAKES AND PROBLEMS Important Terms
AVOIDING AND MANAGING COMMON MISTAKES AND PROBLEMS Important Terms

... allows goods to be transported without the need to handle the goods 6. Hard Currency Currency that is widely accepted on the foreign currency exchange market and can easily be converted to another currency 7. Infrastructure The large-scale public systems, services, and facilities of a country or reg ...
Chapter 3 Review
Chapter 3 Review

... Business in the Global Economy 1. Is foreign debt the amount of money that other countries owe the United States? Y/N 2. If a country imports more than it exports, does it have a trade deficit? Y/N 3. Does supply and demand affect the exchange rate? Y/N 4. Does a country’s infrastructure refer to it ...
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Currency



A currency (from Middle English: curraunt, ""in circulation"", from Latin: currens, -entis) in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation. Under this definition, British pounds, U.S. dollars, and European euros are examples of currency. These various currencies are stores of value, and are traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance.Other definitions of the term ""currency"" are discussed in their respective synonymous articles banknote, coin, and money. The latter definition, pertaining to the currency systems of nations, is the topic of this article. Currencies can be classified into two monetary systems: fiat money and commodity money, depending on what guarantees the value (the economy at large vs. the government's physical metal reserves). Some currencies are legal tender in certain jurisdictions, which means they cannot be refused as payment for debt. Others are simply traded for their economic value. Digital currency arose with the popularity of computers and the Internet.
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