a.
To determine: If certificate issued by the American gold certificates represents the primary or secondary market transactions.
Introduction: The issue of the American gold certificates represents the ownership of the gold owners without storing the actual physical gold.
b.
To determine: It is to be determined that the issue of the American gold certificates represents the primitive or derivative assets.
Introduction: The issue of the American gold certificates represents the ownership of the gold owners without storing the actual physical gold.
c.
To determine: The market niche filled by the issue of the American gold certificates.
Introduction: The issue of the American gold certificates represents the ownership of the gold owners without storing the actual physical gold.
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