Difference between revisions of "Gold standard"
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Latest revision as of 15:20, 2 July 2020
Gold standard is a monetary system in which gold serves as money or in which all money is convertible into gold at a fixed rate.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Gold standard. A monetary system in which gold serves as money or in which all money is convertible into gold at a fixed rate.
