global trade coin
E604548
A global trade coin is a widely accepted international currency unit historically used to facilitate commerce across different countries and monetary systems.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
historical monetary concept
ⓘ
international currency unit ⓘ |
| appliesTo |
historical periods of long-distance trade
ⓘ
multicurrency trading environments ⓘ |
| canBeContrastedWith |
barter-based trade
ⓘ
purely domestic currency ⓘ |
| dependsOn |
confidence of international merchants
ⓘ
reliability of coinage or currency standards ⓘ stability of issuing authority ⓘ |
| enables |
comparison of prices across regions
ⓘ
integration of regional markets ⓘ long-distance credit arrangements ⓘ |
| hasCharacteristic |
commonly used as a medium of exchange
ⓘ
commonly used as a store of value ⓘ commonly used as a unit of account ⓘ highly liquid in global trade ⓘ highly trusted in international markets ⓘ relatively stable in value ⓘ widely accepted across countries ⓘ |
| hasModernAnalogue |
currencies used as global invoicing units
ⓘ
key international reserve currencies ⓘ |
| hasRequirement |
broad international recognition
ⓘ
consistent weight or denomination ⓘ low transaction costs in exchange ⓘ political or institutional backing ⓘ predictable purchasing power ⓘ |
| hasTemporalScope | primarily pre-modern and early modern trade eras ⓘ |
| influences |
development of financial centers
ⓘ
patterns of capital flows ⓘ pricing of traded goods ⓘ structure of international trade routes ⓘ |
| mayBeMaterializedAs |
bank deposits
ⓘ
gold coins ⓘ paper currency ⓘ silver coins ⓘ |
| relatedTo |
bimetallism
ⓘ
foreign exchange ⓘ global trade ⓘ gold standard ⓘ international monetary system ⓘ reserve currency ⓘ silver standard ⓘ standard of value ⓘ vehicle currency ⓘ |
| usedFor |
facilitating international commerce
ⓘ
settling cross-border payments ⓘ standardizing value across different monetary systems ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.