Question

Distinguish between gold standard and gold exchange standard

Answer 1

As regard of gold exchange standard it is the special monetary system in which the currency is able to to convert in to gold by the special method of  converting nation's currency in to the bills of exchange drawn .

while in case of gold standard a currency value directly linked with the gold .With this a country can convert its currency in to pure gold  .This happens with the help of setting fixed price for the gold and then sell it also at that price.

Answer 2

hey buddy!!  

Here is your answer;

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In gold standard, paper currency can be converted to gold and vice versa only at preset fixed prices. In other words, one unit of currency is convertible to a fixed amount of gold both in your home country or another country. This is quite useful when making international payments. A huge reserve of gold must be maintained in this case.

In gold exchange standard, one country’s currency is converted to the equivalent value of another country’s currency provided that the second country’s currency can be converted to gold at a stable rate of exchange. There is no need to keep a surplus reserve of gold in this case.

➡hope this helps you deaR ✌✌✌.