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We measure the economic output by converting the virtual money and items into a standardized currency for each individual.
It can be inferred, therefore, that early Aksumite kings, located on the international trading waters of the Red Sea, recognized the utility of a standardized currency for facilitating both domestic and international trade.
Among his important works are not only contributions to the Federalist Papers and the creation of the Coast Guard, standardized currency and the Bank of the United States but also documents like "Report on a Plan for the Further Support of Public Credit".
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The use of a standardized, nationwide currency during the Qin dynasty (221 206 BC) facilitated long-distance trade between cities.
Before the US had a national standardized legal tender, currencies multiplied.
However, these "currencies" generally differed in important ways from the standardized government-backed and -controlled money familiar to industrial societies.
The currencies were standardized to USD.
Currency markets?
We need independent standardized tests.
The currency has stabilised.
Intimacy is our currency.
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