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What Is the Gold Standard? What Are the Pros and Cons

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What is the gold standard? What are the pros and cons of this system?


Definitions:

Latino American

An individual in the United States who originates from or has ancestry from Latin America.

Poverty

A condition where individuals or communities lack the financial resources to meet basic living needs such as food, shelter, and healthcare.

Percent

A ratio or fraction expressed as a part of 100.

Ethnic Minorities

Groups within a community, nation, or state which have different national or cultural traditions from the majority population.

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