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-1 votes

How did the first money owners get their money?

when goods exchanging,goods can not shift at same time,it must be one thing give one man in advance,and if record it, we will have one un-standard currency. secend, third one comfirm the "...
1 vote

Why did the Iranian Rial peak suddenly on 1 August 2014?

That data is just a spike that should be excluded but google finance has little (to no) incentive to fix data quality issues. For example, CEIC reports that the exchange rate reached an all-time high ...
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0 votes

Why did the Iranian Rial peak suddenly on 1 August 2014?

On August 1st 2014 violence shatters Gaza cease-fire hours after taking effect Israel and Hamas agreed to a 72-hour humanitarian cease-fire starting Friday, but the kidnapping of an Israeli solider ...
-2 votes

Can someone explain why sterling-dollar parity is bad?

There is nothing unique regarding GBP vs Dollar. The euro is behaving in the same manner. "While the declining domestic buying power of a dollar dominates headlines in the United States, American ...
  • 107
-1 votes

Can someone explain why sterling-dollar parity is bad?

A falling pound means imports will cost more. Some imports are necessary - you cannot avoid buying them - so a falling pound will make inflation worse. Additionally, if the pound is falling, you will ...
  • 99
25 votes

Can someone explain why sterling-dollar parity is bad?

There's nothing wrong with \$1=£1. Unless it was \$1.50=£1 last week - then it's a big problem - for the people who have £, at least! The people who have \$ will be glad they can buy things from the ...
4 votes

Can someone explain why sterling-dollar parity is bad?

Not really my topic, but I agree with the sentiment of the question. I have also always been puzzled by the finance media's focus on exchange rate movements. On the one hand, the country becomes "...
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2 votes

How did the first money owners get their money?

Money developed from commodities or debt indicators (such as debt measuring sticks). Some sort of primitive money was used in pre-history so exact origin is disputed (d’Errico et al. 2012, Ferguson ...
  • 45.1k

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