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Question

Under which system was gold taken as the common unit of parity between currencies of different countries in circulation?


A

Adjustable Peg System of Exchange Rate

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B

Flexible Exchange Rate System

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C

Gold Standard System of Exchange Rate

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D

Bretton Woods System of Exchange Rate

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Solution

The correct option is C

Gold Standard System of Exchange Rate


Gold was considered to be the unit of parity in the gold standard system.


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