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10-07-2019
Social Studies

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Which of the following is a definition of the gold standard?

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dandmitreev dandmitreev

21-07-2019

Answer:

Gold standard is the variable of currency based on the price of gold. The value of the currency was defined in terms of gold and the currency could be exchange. This standard has been abandoned last 1930s during the Depression.

Explanation:

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