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At that point the UK was the primary exporter of manufactured goods and services and over 60% of world trade was invoiced in pound sterling.
British banks were also expanding overseas, London was the world centre for insurance and commodity markets and British capital was the leading source of foreign investment around the world; sterling soon became the standard currency used for international commercial transactions. For example, suppose an American company sells electrical equipment to a buyer in France for one million euros.
I loafe and invite my soul, I lean and loafe at my ease observing a spear of summer grass.
My tongue, every atom of my blood, form'd from this soil, this air, Born here of parents born here from parents the same, and their parents the same, I, now thirty-seven years old in perfect health begin, Hoping to cease not till death.
by James Scott Bell @jamesscottbell Here’s a little exercise I teach in my workshops: take one of your dialogue-heavy scenes. I try to figure out why this woman would have been paid, and by whom. Also, what did this mystery woman have tucked under her arm?
The third one is so obscure I have to do some more cogitating. So I spend a few minutes jotting down ideas about that.
and one of the largest network-owned station groups in the country. Museum row, The Broad, the Petersen car museum, and the latest pop up Museum of Ice Cream as well as many other cultural museums in the city are examples to the great value of art in L.
They responded to telephone calls and electronic communications. C-SPAN Radio’s Nancy Calo read news headlines at the end of the program.
A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves.
The reserve currency is commonly used in international transactions and often considered a hard currency or safe-haven currency.
People who live in a country that issues a reserve currency can purchase imports and borrow across borders more cheaply than people in other nations because they don't need to exchange their currency to do so.