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Gold standard

• An international monetary system in which currencies are defined in terms of their gold content and payment imbalances between countries are settled in gold. It was in effect from about 1870-1914.

 
 Related Terms
 Gold exchange standard
Gold mbs program
Monetary gold
Standard & poor's 500 index
Standard & poor's corporation
Standard & poor's financial strength
Standard debt provisions
Standard deviation
Standard error
Standard industrial classification code
Standard normal distribution or standardized normal distribution

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The difficulty lies not so much in developing new ideas as in escaping from old ones. - John Maynard Keynes

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