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British Pounds
The official currency of the United Kingdom, which is also known as Sterling.
Floating Exchange Rate
An exchange rate determined by the demand for and the supply of a nation’s currency.
Gold Standard
A monetary system where a country's currency or paper money has a value directly linked to gold; countries committed to convert paper money into a fixed amount of gold upon request.
Gold Exchange Standard
A monetary system in which countries peg their currencies to a specific amount of gold but may also hold foreign currencies in reserves.
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