money is backed by Gold internationally.
Minor quibble, but not a single country in the world right now uses the gold standard, although there are occasional attempts to reinstate it in various countries. Switzerland was the last major economy to drop it, and that was in 1999.
Yes, I also came to know about it recently. I think the Stock Market has the largest say in a country's economy.
Thanks for pointing that out!
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Minor quibble, but not a single country in the world right now uses the gold standard, although there are occasional attempts to reinstate it in various countries. Switzerland was the last major economy to drop it, and that was in 1999.
Yes, I also came to know about it recently. I think the Stock Market has the largest say in a country's economy.
Thanks for pointing that out!