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As the gold value of America’s fiat dollar plunges, the world’s eighth-largest economy restores a monetary role for specie.
Similarly, transferring money from one taxable investment account to another should be done in specie. So if you have a certificate of deposit ... Example of an In-Specie Transfer .
MONEY is perhaps the most basic building-block in economics. It helps states collect taxes to fund public goods. It allows producers to specialise and reap gains from trade. It is clear what it ...
TimesMachine is an exclusive benefit for home delivery and digital subscribers. About the Archive This is a digitized version of an article from The Times’s print archive, before the start of ...