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Foreign-exchange reserves and Gold

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Foreign-exchange reserves and Gold

Foreign-exchange reserves vs. Gold

Foreign-exchange reserves (also called forex reserves or FX reserves) is money or other assets held by a central bank or other monetary authority so that it can pay if need be its liabilities, such as the currency issued by the central bank, as well as the various bank reserves deposited with the central bank by the government and other financial institutions. Gold is a chemical element with symbol Au (from aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally.

Similarities between Foreign-exchange reserves and Gold

Foreign-exchange reserves and Gold have 13 things in common (in Unionpedia): Banknote, Bretton Woods system, Central bank, China, Currency, Derivative (finance), Devaluation, Federal Reserve System, Fiat money, Gold reserve, Inflation, International Monetary Fund, Monetary policy.

Banknote

A banknote (often known as a bill, paper money, or simply a note) is a type of negotiable promissory note, made by a bank, payable to the bearer on demand.

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Bretton Woods system

The Bretton Woods system of monetary management established the rules for commercial and financial relations among the United States, Canada, Western Europe, Australia, and Japan after the 1944 Bretton-Woods Agreement.

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Central bank

A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates.

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China

China, officially the People's Republic of China (PRC), is a unitary one-party sovereign state in East Asia and the world's most populous country, with a population of around /1e9 round 3 billion.

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Currency

A currency (from curraunt, "in circulation", from currens, -entis), in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.

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Derivative (finance)

In finance, a derivative is a contract that derives its value from the performance of an underlying entity.

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Devaluation

In modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency or currency basket.

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Federal Reserve System

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.

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Fiat money

Fiat money is a currency without intrinsic value that has been established as money, often by government regulation.

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Gold reserve

A gold reserve was the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency.

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Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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Monetary policy

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

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The list above answers the following questions

Foreign-exchange reserves and Gold Comparison

Foreign-exchange reserves has 116 relations, while Gold has 563. As they have in common 13, the Jaccard index is 1.91% = 13 / (116 + 563).

References

This article shows the relationship between Foreign-exchange reserves and Gold. To access each article from which the information was extracted, please visit:

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