In order to fully discuss exchange systems and economics in the United States, it is important to fully understand what each factor represents and how they work together to influence monetary policies in a community. So here are a few definitions to get us started on the right path.
Exchange Systems in their simplest form are the different ways in which consumers connect with producers. These different ways may include barter, or the use of money as a purchasing tool to acquire items and in the United States, money serves as that means of exchange. While economics can simply be defined as the social science that describes the factors that determine the production, distribution and consumption of goods and services.
Therefore, this article will be providing some accurate facts on the exchange system and its effect on the economic and monetary policies in the US.
The 20 wealthiest Americans are credited to have more wealth than the poorest 152 million US citizens.
The top 0.1 percent possess wealth which is more than the combined wealth of the bottom 90% of all Americans combined.
These are some of the interesting facts on the exchange system and economics in the US which you can put to use in your own essay concerning the economy. The facts places emphasis on the US currency, exchange system, trade partners and economic state of its local people. Make sure to also check our 20 topics on exchange systems and the US economy as well as a standalone guide on the genre of a presentation for this subject. Lastly, these facts are accurate and can be used as references.
Paul, K. (2003). The Concise Encyclopedia for Economics: Exchange Rates. http://www.econlib.org/library/Enc1/ExchangeRates.html
Dixit, Avinash. Hysteresis, Import Penetration, and Exchange-Rate Pass-Through. Quarterly Journal of Economics 104 (1989): 205-28.
Wikipedia: Economy of the United States. (2010). https://en.wikipedia.org/wiki/Economy_of_the_United_States
U.S. Department of Commerce, Census Bureau, Economic Indicators Division Journal. (2015). Top US Trade Partners 2015. http://www.trade.gov/mas/ian/build/groups/public/@tg_ian/documents/webcontent/tg_ian_003364.pdf
Christopher, C. (2016). United State Government’s Debt 2016. http://www.usgovernmentdebt.us/
Social Security Administration: Fact Sheet. (2014). Fact Sheet. https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf
Fast Facts and Figures about Social Security 2014. (2015) 32, 34. https://www.ssa.gov/policy/docs/chartbooks/fast_facts/2014/fast_facts14.pdf