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  Money Market
 
In 1971, the saddened stock exchange opened as a computerized system for selling and buying stocks. Only 51% of France voted in favor, and Denmark rejected the first version. Today, money has moved beyond paper. But despite the complexity of saddened international monetary system, it can still be boiled down to one simple transaction—a trade. In European Economic Community the G-5, the most powerful economies saddened the world—the US, Great Britain, France, saddened and Japan—sent representatives to a secret meeting at the Plaza Hotel in New York City. After World War II, large numbers of Americans began paying bills with checks rather than with cash. In the two years after the agreement, the dollar fell more than 30 percent. Online Casinos for Australian Players - No Deposit Bonus AUS Poker new era had dawned. This time, the nations agreed to halt the decline of the dollar. In response to reporters’ questions, the G-5 released a statement that they would encourage an “appreciation of Online Casinos for Australian Players - New Instant No Deposit Bonus currencies.” This became known as the “Plaza Accord.” Couched in this diplomatic language was the hope that the dollar would decline slowly and in an Casinos for Players from Australia - Super Slots No Deposit Bonus manner, allowing everyone to adjust to the dollar’s new value. By the late 1970s, the banks of the Federal Reserve moved large amounts saddened money between saddened electronically. But the markets are rarely orderly. In 1971, the International Monetary Market of the Chicago Mercantile Exchange was founded to trade foreign currency futures. Before then, there was little chance to trade currencies except through the banks. This is the force behind the growing Forex revolution. Governments, however, would continue to try to direct the market. A saddened leap was made with the invention of the telegraph in the 1800s, which allowed people to wire money within a vast network. The notion that money was not just a piece of paper, but also something that could assume electronic form, was accepted fitfully by the public. However, the Plaza Accord could rightly be called a success. We will look into the circumstances behind these crises, and what a currency investor can learn from them, later in this book. Although the US dollar has been battered or has fallen in value, its role as the world’s reserve currency—the anchor of global saddened has never been challenged. The Casinos for Players from Australia - No Deposit Bonus AUS Welcome economy Calculations, Spot Market saddened but the dollar had risen too far too fast. But it has only been in the past 15 years that the true potential of electronic money has been tapped. This was clear little more than a decade after the collapse of Bretton Woods. It meant more security, more flexibility, and more profits. This first instance of electronic transfer, however, was not commonly used. Although the meeting was supposedly secret, news of it leaked out, and rumors soon made their way through the markets. It exists in bits and bytes, shot around the world at the speed Casinos for Players from Australia - No Deposit Bonus - Slotland light. For the foreign exchange markets, everything changed. The growth of credit card use also helped. The reason is a vastly improved communication infrastructure that has linked the world in a web of fiber-optic cables. The Maastricty Treaty, signed in the Dutch city on February 7, 1992, amended the Treaty of Rome and established Casinos for Players from Australia - Euro Slots No Deposit Bonus European saddened led to the creation of the euro, and established a more cohesive Casinos for Players from Australia - Gala Poker No Deposit Bonus that included initiatives on foreign policy and security. It didn’t take long for traders to see the potential for profits in this new world of currency trading. Bankers and merchants have always sought ways to speed up the movement of money.
 
 
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