Science, asked by rinanag9436, 5 months ago

Name The Principle used to determine the parity of gold​

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Answered by syedali84242
1

Answer:

How the Gold Standard Works. The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. ... A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price. That fixed price is used to determine the value of the currency

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