Practicing Success
Practicing Success
CUET Preparation Today
| In which system was gold taken as common unit of parity between currencies of different countries? |
Flexible exchange rate system Bretton woods system of exchange Managed floating exchange rate Gold standard system of exchange rate |
| Gold standard system of exchange rate |
| In gold standard system of exchange rate, gold was taken as common unit of parity between currencies of different countries. The Bretton Woods System required a currency pegged to the U.S. dollar which was in turn pegged to the price of gold. |
