explain monetary standard
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a monetary standard under which the basic unit of currency is defined by a stated quantity of gold. silver standard. a monetary standard under which the basic unit of currency is defined by a stated quantity of silver. bimetallism.
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A monetary standard is a set of institutions and rules governing the supply of money in an economy . These rules and institutions collectively constrain the production of money. Through its constrain on money creation, the standard indirectly acts on prices
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