Answer: Monetary system in which the unit of value consists of the value of a fixed
quantity of gold in a free gold market.
Gold Standard
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Gold Standard for the Global Goals sets the standard for climate and development interventions to quantify certify and maximise their impact -- creating value for people around the world and the planet we share.
The gold standard was the basis for the international monetary system from the 1870s to the early 1920s and from the late 1920s to 1932. as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold foreign central banks effectively ending the Bretton Woods system.
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The gold standard is a monetary system in which paper money is freely convertible into a fixed amount of gold. In other words in such a monetary system gold backs the value of money. Between 1696...
The gold standard is a currency measurement system that uses gold as a way to set the value of money. It ensures that currency under a gold-standard system can be e...