How does the gold standard work

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Question:The gold standard is a system of fixed money where the government's currency can be freely exchanged for gold.It could also refer to a monetary system in which gold or bank receipts for gold serve as the primary medium of exchange in a freely competitive environment;or to a standard for international trade in which some or all nations set their exchange rates based on how much gold is in parity with their respective currencies.

How does the Gold Standard Work?

Reference no: EM133276163

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