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what do u mean by Gold …

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what do u mean by Gold Standard System of exchange rate ???

    • Posted by Ankit Sikarwar 6 years, 2 months ago

    CBSE > Class 12 > Economics
    • 3 answers

    Sakshi Sharma ??️??️??️ 6 years, 2 months ago

    The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. With the gold standard, countries agreed to convert paper money into a fixed amount of gold.

    2Thank You

    Kavita Bharti 6 years, 2 months ago

    To purchase or any activity

    1Thank You

    Kavita Bharti 6 years, 2 months ago

    It is a system of determing the money value by gold... For examples if uh want any currency then firstly u have to exchange it in terms of gold

    1Thank You

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