58 890
Assignments Done
Successfully Done
In March 2018
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Macroeconomics Question for susan

Question #40454
What is a gold standard?
Expert's answer
What is a gold standard?
Gold standard is a monetary system in which the value of banknotes and coins denominated in a certain guaranteed amount of gold.
As a reference, gold was used because it has a number of qualities: it is sufficiently rare metal, which does not deteriorate during storage, it is possible to identify the quality , as well as easy to share in the desired proportions.
The basis of the gold standard is the obligation to exchange the issuing banknotes or coins for gold on demand. This eliminates the inflation component of financial market: paper money can not be produced in unlimited quantities and because of that lose value.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question