International dollarThe international dollar (int'l dollar or intl dollar, symbols Int'l.,Intl., Int),alsoknownasGeary–Khamisdollar(symbolsG–K or GK$), is a hypothetical unit of currency that has the same purchasing power parity that the U.S. dollar had in the United States at a given point in time. It is mainly used in economics and financial statistics for various purposes, most notably to determine and compare the purchasing power parity and gross domestic product of various countries and markets. JáchymovJáchymov (ˈjaːxɪmof; Sankt Joachimsthal or Joachimsthal) is a spa town in Karlovy Vary District in the Karlovy Vary Region of the Czech Republic. It has about 2,400 inhabitants. Jáchymov has a long mining tradition, thanks to which it used to be the second most populous town in the Kingdom of Bohemia in 1534. At first silver was mined here. The silver Joachimsthaler coins minted here since the 16th century gave their name to the Thaler and the dollar.
History of central banking in the United StatesThis history of central banking in the United States encompasses various bank regulations, from early wildcat banking practices through the present Federal Reserve System. Bank of North America and Currency Act Bank of Pennsylvania Some Founding Fathers were strongly opposed to the formation of a national banking system; the fact that England tried to place the colonies under the monetary control of the Bank of England was seen by many as the "last straw" of oppression which led directly to the American Revolutionary War.
Federal Reserve NoteFederal Reserve Notes, also United States banknotes, are the currently issued banknotes of the United States dollar. The United States Bureau of Engraving and Printing produces the notes under the authority of the Federal Reserve Act of 1913 and issues them to the Federal Reserve Banks at the discretion of the Board of Governors of the Federal Reserve System. The Reserve Banks then circulate the notes to their member banks, at which point they become liabilities of the Reserve Banks and obligations of the United States.
Purchasing powerPurchasing power is the amount of goods and services that can be purchased with a unit of currency. For example, if one had taken one unit of currency to a store in the 1950s, it would have been possible to buy a greater number of items than would be the case today, indicating that the currency had a greater purchasing power in the 1950s. If one's monetary income stays the same but the price level increases, the purchasing power of that income amount falls.
Sacagawea dollarThe Sacagawea dollar (also known as the "golden dollar") is a United States dollar coin introduced in 2000, although not minted for general circulation between 2002 and 2008 and again from 2012 onward because of its general unpopularity with the public and low business demand for the coin. These coins have a copper core clad by manganese brass, giving them a distinctive golden color. The coin features an obverse by Glenna Goodacre. From 2000 to 2008, the reverse featured an eagle design by Thomas D. Rogers.
Fiat moneyFiat money is a type of currency that is not backed by a commodity, such as gold or silver. It is typically designated by the issuing government to be legal tender. Throughout history, fiat money was quite rare until the 20th century, but there were some situations where banks or governments stopped honoring redeemability of demand notes or credit notes, usually temporarily. In modern times, fiat money is generally authorized by government regulation. Fiat money generally does not have intrinsic value and does not have use value.
Silver standardThe silver standard is a monetary system in which the standard economic unit of account is a fixed weight of silver. Silver was far more widespread than gold as the monetary standard worldwide, from the Sumerians 3000 BC until 1873. Following the discovery in the 16th century of large deposits of silver at the Cerro Rico in Potosí, Bolivia, an international silver standard came into existence in conjunction with the Spanish pieces of eight. These silver dollar coins played the role of an international trading currency for nearly four hundred years.
Bureau of Engraving and PrintingThe Bureau of Engraving and Printing (BEP) is a government agency within the United States Department of the Treasury that designs and produces a variety of security products for the United States government, most notable of which is Federal Reserve Notes (paper money) for the Federal Reserve, the nation's central bank. In addition to paper currency, the BEP produces Treasury securities; military commissions and award certificates; invitations and admission cards; and many different types of identification cards, forms, and other special security documents for a variety of government agencies.
Yuan (currency)The yuan (juːˈɑːn,_-æn; sign: ¥; ; ɥæ̌n) is the base unit of a number of former and present-day currencies in Chinese. A yuan () is also known colloquially as a kuai (; originally a lump of silver). One yuan is divided into 10 jiao () or colloquially mao ( "feather"). One jiao is divided into 10 fen (). Today, the term "yuan" usually refers to the primary unit of account of the renminbi (RMB), the currency of the People's Republic of China. RMB banknotes start at one Yuan and go up to 100 Yuan.
