Which forex site has the smallest leverage, to your recommendation
money FAQ: low-leverage.
Everett S. From United States
09 October, 2008
Definitely "FX club". If you like the more safe way, the leverage in "FX club" is only 100:1. The platform graphics are pretty fancy, the service is supreme, the minimum deposit is also really small - only $10, and you're don't have to pay commission in this one. Visit FX club
please define the "bimetallic standard"
glossary FAQ: glossary.
Z. N. From Bournemouth, United Kingdom
17 December, 2008
A monetary system in which a government recognizes coins composed of gold or silver as legal tender. The bimetallic standard (or bimetallism) backs an unit of currency to a fixed ratio of gold and/or silver.
The bimetallic standard was first used in the United States in 1792 as a means of controlling the value of money. For example, during the 18th century in the United States, one ounce of gold was equal to 15 ounces of silver. Therefore, there would be 15 times more Silver (by weight) in $10 worth of silver coins than $10 worth of gold coins. Adequate gold and silver was kept in reserves to back the paper currency. This bimetallic standard was used until the civil war, when the Resumption Act of 1875 stated that paper money could be converted to gold. Visit FOREX.com
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