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Multinational Business Finance. The Gold Standard (1876 – 1913) Gold has been a medium of exchange since 3000 BC each country set the rate at which its
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1 Wendy Jeffus Harvard Summer School International Business
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LEGAL TENDER Money created by a govt. that must (by law) be accepted as payment of debt Legal tender - $100 bill Not legal tender - $100 check (issued
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Chapter 3 The International Monetary System. The Goals of Chapter 3 Introduce the history of the international monetary system, from the gold-standard
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3-1 The International Monetary System. 3-2 History of the International Monetary System The Gold Standard, 1876-1913 –Countries set par value for their
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