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gold standard

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The monetary standard in which one ounce of gold equals a set number of dollars is known as the gold standard. Under this system, the value of a country's currency is directly linked to a specific amount of gold.

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Q: What is the monetary standard in which one ounce of gold equals a set number of dollars?
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What is a a monetary standard in which one ounce of gold equaled a set number of dollars?

gold standard


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