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pentagon [3]
3 years ago
9

What is the relationship between gold standard and the concept of representative money?

Business
1 answer:
ANTONII [103]3 years ago
5 0
<span>It is the value of the gold that backs the value of representative money.</span>
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3 years ago
The current spot exchange rate is $1.55 = €1.00; the three-month U.S. dollar interest rate is 2 percent. Consider a three-month
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The least that this option should sell for is $3,125.

Explanation:

Acording to the data, we have the following:

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The correct answer is True.

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If person A and B are well informed and intelligent player, A have available choices :
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