TRUE, the Gold Exchange Standard is a monetary system in which gold is taken out of the market and instead given notes or certificates(paper) as a type of currency/symbol that at any moment you could exchange for gold with the government, this system was abandoned by most nations by the 20th century, but most of them still keep gold as part of their guarantee and support to their national currency
Monetary history shows us that at first the exchanges that were made by barter were replaced by precious metals. Over time, there was the introduction of paper money, which should necessarily be backed by some metal with government guarantee. If it were necessary, the paper money would be exchanged for the metal in it.
Nowadays, the concept of fiduciaridade of the currency has been agreed. This means that there is enough confidence in the Government that there is no need for mandatory conversion. Thus, the currency is backed by the trust that citizens have with their government.
He attended school for only one year: between the ages of 16 and 19, he lived with the Cherokee Indians.
Explanation:
After running away from his family as a teenager, Houston lived for nearly three years with the Cherokee tribe in eastern Tennessee and Houston learned fluent Cherokee.
Aristotle is recognized as giving the earliest systematic treatise on the nature of scientific inquiry in the western tradition, one which embraced observation and reasoning about the natural world.
