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Gold exchange standard |
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Gold exchange standard A fixed exchange rate system adopted in the Bretton Woods agreement. It required the U.S. to peg the dollar to gold and other countries to peg their currencies to the dollar. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Many of gold's detractors fail to discriminate between Gold Exchange Standards, Bimetalism and 100% reserve gold standards. A gold exchange standard meant that the British government was no longer beholden to its own citizens, but only to an exclusive club of international bankers and financiers, in conducting its monetary policy. This stability was created because everyone was on the Gold Exchange Standard. |
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