Why Did Many Countries Prefer to Be Paid in Currency

question 13

Essay

Why did many countries prefer to be paid in currency rather than in gold during the gold standard?

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Definitions:

OSHA

Is both the act that authorized the U.S. government to create various standards regarding occupational safety and health and the administrative agency that enforces those standards.

Worker Safety

Refers to the measures and policies implemented to protect employees from hazards and risks associated with their job environment.

Collective Bargaining

Is the process by which managers and union leaders negotiate acceptable terms and conditions of employment for those workers represented by the unions.

Nonunionized

Refers to a workplace or workforce that is not represented by a labor union or does not engage in collective bargaining.