Money in America. A basic idea of how the money goes through everyone's hands
Date Submitted: 02/26/2002 06:26:50
Category: / Business & Economy / Economics
Length: 2 pages (566 words)
Category: / Business & Economy / Economics
Length: 2 pages (566 words)
The nation's economic stability has many factors which
amount to inflation. Inflation may be caused by a number of
problems, but there are some specific examples which have
direct control over which way the prices and spending sway.
Inflation simply means that the American dollar, in this
case, is less valuable on the foreign exchange market and
the gold standard is moved to higher prices; which simply
means that more currency is needed to exchange …
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…market which means that it takes more money to equal a yen,
mark, or pound. Also, the value of an ounce of gold is
worth less due to the gold standard, which lets gold be
redeemed for dollars. Inflation has occurred and value of
the dollar has decreased. If most people wouldn't panic and
just stay calm, less stress would be spread, making the
entire economic industry a safer and easier thing to live
with.
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