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

Adjustable Peg System of Exchange Rate

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Flexible Exchange Rate System

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Gold Standard System of Exchange Rate

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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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Similar questions

According to Adjustable Peg System (or Bretton Woods System) of Exchange Rate:

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