The gold standard may correlate to numerous things, these include the fixed monetary regime wherein the government currency has been set and may be freely converted to gold, another would be the freely competitive monetary system that utilizes gold or bank receipts for gold to play the role as the principal medium exchange, and lastly,…Read more
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Considered by economists to be the worst financial crisis since the Great Depression of the 1930s, the financial crisis brought with it a threat to bring down numerous financial institutions. In order to prevent this, a bailout was performed by banks of the national governments, however this only provided a means to prevent the crisis…Read more
The European Central Bank or the ECB is the central bank of the European Union and the one who administers monetary policies within the Eurozone, which is comprised of 19 European state members and is known to be one of the largest currency areas in the world. The bank was first formed in Germany in…Read more
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