ոսկու փոխանակման ստանդարտ

ոսկու փոխանակման ստանդարտ

A monetary system that sought to restore features of the Gold Standard in the 1920s and again in the Bretton Woods System, while economizing on gold. Instead of money being backed directly by gold, central banks issued liabilities against foreign currency assets (mostly U. S. Dollars under Bretton Woods) that were in turn backed by gold.

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Category: International economics
Company: University of Michigan
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