Gold points was a term which referred to the rates of foreign exchange likely to cause movements of gold between countries adhering to the gold standard. == Application == In accordance with the law of supply and demand, the concept determined that the fluctuating limits of currency fixed the cost of money between the place where the bill was drawn and that in where it was payable.
Gold points was a term which referred to the rates of foreign exchange likely to cause movements of gold between countries adhering to the gold standard. == Application == In accordance with the law of supply and demand, the concept determined that the fluctuating limits of currency fixed the cost of money between the place where the bill was drawn and that in where it was payable.
Source: Wikipedia "Gold points" · CC BY-SA 4.0
Share this article: X · Bluesky