THEORIES OF INTERNATIONAL RELATIONS I (ULUSLARARASI İLİŞKİLER KURAMLARI I) - (İNGİLİZCE) Dersi International Political Economy soru detayı:

PAYLAŞ:

SORU:

What was the gold standard system?


CEVAP:

The gold standard was a monetary system where a country’s currency or paper money had a value directly linked to gold. With the gold standard, countries agreed to convert paper money into a fixed amount of gold. A country that used the gold standard set a fixed price for gold and bought and sold gold at that price. That fixed price was used to determine the value of the national currency.