Tag: silver

What is Quantity Theory Of Money?
An economic theory which proposes a positive relationship between changes in the money supply and the long-term price of goods. It states that increasing the amount of money in the economy will eventually lead to an equal percentage rise in the prices of products and services. The calculation behind the quantity theory of money is based upon Fisher Equation:

Calculated as:

Where:
M represents the money supply.
V represents the velocity of money.
P represents the average price level.
T represents the volume of transactions in the economy. Read more for examples and further explanation including related video clips and also comments
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What is VEB (Venezuelan Bolivar)?
The currency abbreviation for the Venezuelan bolivar (VEB), the currency for Venezuela from 1879 to January 2008. The Venezuelan bolivar was made up of 100 céntimos and was presented with the symbol Bs. The Venezuelan bolivar was replaced with the bolivar fuerte (VEF) at a rate of 1000:1 because the bolivar was so devalued due to inflation. Bolivar fuerte is translated in English as “”strong bolivar.”” Read more for examples and further explanation including related video clips and also comments
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What is Mint?
The primary producer of a country’s coin currency. The mint has the consent of the government to manufacture coins to be used as legal tender. Along with production, the mint is also responsible for the distribution of the currency, protection of the mint’s gold and silver assets, and overseeing its various production facilities. Read more for examples and further explanation including related video clips and also comments
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What is USD (United States Dollar)?
The currency abbreviation for the United States dollar (USD), the currency for the United States of America. The United States dollar, or U.S. dollar, is made up of 100 cents and is presented with the symbol $ or US$ to differentiate it from other dollar-based currencies. The U.S. dollar is considered a benchmark currency, and is the currency used the most in transactions across the world. The currency is actually used as an official currency in many countries outside of the U.S., while many others use it alongside their own as an unofficial currency. Read more for examples and further explanation including related video clips and also comments
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What is Mercantilism?
The main economic system used during the sixteenth to eighteenth centuries. The main goal was to increase a nation’s wealth by imposing government regulation concerning all of the nation’s commercial interests. It was believed that national strength could be maximized by limiting imports via tariffs and maximizing exports. Read more for examples and further explanation including related video clips and also comments
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What is SAR (Saudi Riyal)?
The currency abbreviation the Saudi riyal (SAR), the currency for Saudi Arabia. The Saudi riyal is made up of 100 halala or 20 ghirsh, and is often presented with the symbol SR. The Saudi riyal is pegged to the U.S. dollar at about 3.75 SAR. Read more for examples and further explanation including related video clips and also comments
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What is MXN (Mexican Peso)?
The currency abbreviation for the Mexican peso (MXN), the currency for Mexico. The Mexican peso is made up of 100 centavos and is often presented with the symbol $ or Mex$. The name peso comes from the Mexican word “”pesos””, which means “”weights””, and refers to gold or silver weights. Read more for examples and further explanation including related video clips and also comments
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