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Gold standard system and Bretton Woods …

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Gold standard system and Bretton Woods system please explain this?

Posted by Nitasha Yadav 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 2 months ago

Gold standard system of exchange.. In this,, each country was to define value of its currency in terms of gold.. Accordingly , value of one currency in terms of other currency was fixed consedering gold value of each currency... Bretten woods system of exchange.. It is also called adjustable peg system as in this each country relates its currency value from a strong currency and the value of strong currency is determined in golds ,, so by a type of adjustment ultimately each country relates its value from the gold...

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