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My name is Ann [436]
3 years ago
15

What is gold standard?​

English
2 answers:
igomit [66]3 years ago
7 0

Answer:

The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold.For example, if the U.S. sets the price of gold at $500 an ounce, the value of the dollar would be 1/500th of an ounce of gold. The gold standard is not currently used by any government.

Lunna [17]3 years ago
5 0

Answer:

The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. ... For example, if the U.S. sets the price of gold at $500 an ounce, the value of the dollar would be 1/500th of an ounce of gold. The gold standard is not currently used by any government.The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold.

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