Encyclopedia of Money by Larry Allen
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Forex Trading – Foreign Exchange Course
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Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
From the ancient barter system to cyber credit, this reference work is an investment in fiscal literacy.
- Over 300 A–Z entries describe the major innovations, experiments, triumphs, and disasters in the development of a viable medium of exchange
From School Library Journal
Gr 10 Up-This concise, alphabetically arranged resource contains more than 300 entries on topics related to currency, banking, and the economy from ancient times to today’s international monetary systems. Allen also includes laws, bills, acts, theories, speeches, and biographies of people who made an impact on world economy. The language is nontechnical and the author clearly explains the terminology. Each well-documented article concludes with see-also references and a bibliography. The pages are formatted in two columns with an easily read font; captioned black-and-white photographs and reproductions appear throughout. The alphabetical table of contents serves as a chronological list of the entries. An extensive bibliography and a detailed index conclude this useful resource.-Linda Zoppa, South Bronx High School, NY
Copyright 2000 Cahners Business Information, Inc.
From Library Journal
Providing more than 350 entries–ranging from the Babylonian grain and silver standard to the monetary reforms enacted by Boris Yeltsin–this work portrays the common characteristics shared by various types of money and monetary systems. Readers looking for in-depth writing laden with financial formulas will find this source lacking. Instead, Allen, an economics professor and author of The ABC-CLIO World History Companion to Capitalism, has created an excellent reference source for the general reader. Alphabetically arranged and written in a clear, accessible fashion, entries cover the many forms that money has assumed throughout history (for instance, large stone wheels called fei serve as currency on the island of Yap), the history of more common coins and currencies, and events that have shaped world attitudes toward money. The book, which includes numerous cross references, a useful index, and a brief bibliography at the end of each entry, will be a preferred starting point for librarians seeking to address general reference questions. An excellent addition to all business and economics collections.
-Richard Paustenbaugh, Oklahoma State Univ. Lib., Stillwater
Copyright 2000 Reed Business Information, Inc.
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