Accountancy, asked by sheelamumbai0434, 1 month ago

When the country is on Gold standard
currency cannot be
issued
fully
par
under
ve​

Answers

Answered by Diamonds897
0

Answer:

The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. With the gold standard, countries agreed to convert paper money into a fixed amount of gold. A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price.

Explanation:

hope it was helpful

Answered by 12020
1

Explanation:

The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. With the gold standard, countries agreed to convert paper money into a fixed amount of gold. A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price.

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