All national governments agreed to abide by the "rules of the game" under the gold standard. The defense of a fixed exchange rate was required.
A monetary system known as the "gold standard" links a currency's value directly to gold. As a result, the money is guaranteed by the government and can be exchanged for a specific amount of gold. A fixed exchange rate helps to ensure the smooth flow of money from one country to another.
Gold standard means, The amount of gold that a nation's central bank or treasury kept constituted the upper limit on its money supply. Any change in its gold holdings had to be accompanied by an equal adjustment in the number of outstanding local currency units.
According to the "rules of the game," nations that lost gold were required to raise interest rates and reduce their money supply, while nations that gained gold were required to lower interest rates.
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Answer:
The answer is True, yes there is a time difference between different meridians.
Explanation:
Based on what I have read, it can be up to 4 minutes between each degree.
Answer:
1. Aconcagua
2. Denali
3. Mount Logan
Explanation:
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The British rule in India had mixed blessings. Indians spoke hundreds of different languages, so the introduction of English by the British served to unified Indians with the same language.
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