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How does money get transferred to other countries in ebay transactions?

Posted by Chrisstenson Ford 3 May, 2010 - 20 views

I hear that for all money in circulation there must be a gold equivalent somewhere, does the money I pay to someone in China also have a gold equivalent that goes to China? how does this work?
so the gold in reserves is no longer equal to the money in circulation?

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Categories : Uncategorized Tags : China, circulation, equivalent, gold, money, someone, work

Comments
May 3, 2010

Seems like you’re over-thinking this. If you pay $5 American, it just goes through currency conversion, and the seller gets the equivalent in their country’s currency.

It just instantly happens electronically.

Good luck!

Posted by enemy62301
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