ոսկու ստանդարտ

ոսկու ստանդարտ

A monetary system in which both the value of a unit of the currency and the quantity of it in circulation are specified in terms of gold. If two currencies are both on the gold standard, then the exchange rate between them is approximately determined by their two prices in terms of gold.

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Del af tale: noun
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Branche/domæne: Economy
Category: International economics
Company: University of Michigan
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