Examlex
Last night you vegged out in front of the TV set and watched a couple of hours of programs. However, this morning you have trouble remembering the plot of either program. Your passive viewing of the television is a good example of
Gold Standard
An economic setup where the worth of paper money or a country's currency is directly connected to the value of gold.
Fixed Exchange Rates
A government or central bank policy to maintain the country’s currency at a constant value relative to another currency or a benchmark.
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.
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