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What was the time period of "Gold standard system" of exchange rate? |
1845-1869 1873-1952 1832-1896 1870-1914 |
1870-1914 |
The "Gold standard system" of exchange rate was seen between 1870 to 1914. According to this system, gold was taken as the common unit of parity between currencies of different countries. Every country defined its value in terms of gold. |
