Gold standard
Revision as of 15:20, 2 July 2020 by Kainat9 (talk | contribs) (Created page with "Gold standard is a monetary system in which gold serves as money or in which all money is convertible into gold at a fixed rate. ==Definition== According to Macroecono...")
Gold standard is a monetary system in which gold serves as money or in which all money is convertible into gold at a fixed rate.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Gold standard. A monetary system in which gold serves as money or in which all money is convertible into gold at a fixed rate.