How gold is exchanged? What is gold unit of accounts?
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Gold-exchange standard, monetary system under which a nation's currency may be converted into bills of exchange drawn on a country whose currency is convertible into gold at a stable rate of exchange.
unit of account is a standard monetary unit of measurement used for describing the value of something. Currencies and objects like pieces of gold or silver are commonly used as a unit of account because they have a number of traits which make them suitable for this purpose.
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