Economics · Monetary System
What is meant by the Gold Standard?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Currency is backed by foreign exchange reserves
- 2Main currency is convertible into gold or valued in gold✓
- 3Government issues gold coins exclusively
- 4Gold is the only medium of exchange in market
Correct answer
Main currency is convertible into gold or valued in gold
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