Difference between revisions of "Specie"
Jump to navigation
Jump to search
m (formatting) |
m |
||
| Line 1: | Line 1: | ||
| − | + | <br> | |
'''Specie''' are [[gold]] or [[silver]] coins. | '''Specie''' are [[gold]] or [[silver]] coins. | ||
These coins were considered more valuable than paper money because of the inherent value of the gold and silver themselves. The coins would have a stated (nominal) value but their actual market value would be different due to fluctuations in supply and demand. | These coins were considered more valuable than paper money because of the inherent value of the gold and silver themselves. The coins would have a stated (nominal) value but their actual market value would be different due to fluctuations in supply and demand. | ||
[[Category:Economics]] | [[Category:Economics]] | ||