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INB 205 Wk 2 CheckPoint - International Relationships - Appendix B - 25 of 25

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You did a good job discussing the gold standard and narrating positive and negative
aspects of using a gold standard. However, in your analysis of the foreign exchange
markets, you did not discuss the International Monetary Fund, Explain the purpose of
the World Bank and its International Finance Corporation nor did you Identify the world’s
major foreign currency exchange (Fx) markets of the world ( - 20 points).
GRADE: 80/100
Foreign Exchange Markets Summary
Your name
Axia College University of Phoenix
Foreign Exchange Markets 1

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Abstract
Gold has been found and extracted on all continents. Throughout history gold has been a
symbol of value, a method of payment, and a means of ostentation. Although not currently used
by any government, the gold standard established a form of monetary equalization, has been
replaced by the fiat money system.
Foreign Exchange Markets 2

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