Can someone please give me some sources that will help me write my paper for school?
You have been asked by a local college to write a lecture that explains the gold standard and addresses the functions of the world’s major foreign exchange markets. My paper has to be 1050 tp 1400 words and it has to detail the functions of the world’smajor foreign exchange markets, also discussing the positive and negative aspects of using a gold standard. I have to have three sources.
re gold standard:
a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified amount of gold. National money and other forms of money (bank deposits and notes) were freely converted into gold at the fixed price….
What Do We Use Today?
Almost every country, including the United States, is on a system of fiat money, which the glossary defines as "money that is intrinsically useless; is used only as a medium of exchange". We saw in the article "Why Does Money Have Value" that the value of money is set by the supply and demand for money and the supply and demand for other goods and services in the economy
http://economics.about.com/cs/money/a/gold_standard.htm
foreign exchange markets ..UK
The markets work by large companies buying and selling currency for profit. The amount that is bought or sold determines the rate shown on currency websites. Due to the change between supply and demand, exchange rates fluctuate all the time.
http://frenchalps.angloinfo.com/countries/france/m_corp.asp
What is the foreign exchange market?
The foreign exchange market is the market for buying and selling different currencies. It is primarily an over-the-counter market with trades between large commercial banks accounting for most foreign currency transactions. Other participants in the foreign exchange market include:
* brokers, who match buyers and sellers in the market
* customers of banks or brokers, mainly large businesses who engage in international trade and/or investment, and
* central banks
http://www.ustreas.gov/education/faq/markets/foreignex.shtml