How does money get transferred to other countries in ebay transactions?
Wednesday, March 17th, 2010jopa asked:
I hear that for all money in circulation there must be a gold equivalent somewhere, does the money I pay to someone in China also have a gold equivalent that goes to China? how does this work?
so the gold in reserves is no longer equal to the money in circulation?
I hear that for all money in circulation there must be a gold equivalent somewhere, does the money I pay to someone in China also have a gold equivalent that goes to China? how does this work?
so the gold in reserves is no longer equal to the money in circulation?
