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Floating Exchange Rates
A currency valuation system where the value of a currency is determined by the foreign exchange market based on supply and demand relative to other currencies.
Gold Standard
A monetary system in which the value of currency is directly linked to gold, whereby currencies can be exchanged for a specific amount of gold.
Deflation
Deflation is an economic condition characterized by a general decrease in prices of goods and services, often indicating a reduction in the supply of money or credit.
International Exchange Rate System
The framework through which countries manage the value and exchange of their currencies in relation to one another.
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