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World & CultureOne small ahaCurrency or trade concept

Under this monetary system, a currency's value is fixed to a specified weight of gold.

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World & CultureOne small aha
Your new ahaGold Standard

Gold Standard: Historic monetary system tying currency to a fixed weight of gold. Source: Gold standard ↗

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  1. 16Direct exchange of goods and services without money. Predates the invention of coined currency.IDENTIFY
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    Barter, the direct trade of goods and services, predates the invention of coined money.

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  2. 17This postwar monetary system pegged currencies to the US dollar following the 1944 conference that created the IMF and World Bank.RECALL
    Bretton Woods System

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  3. 18This financial institution took over from the General Agreement on Tariffs and Trade in 1995.RECALL
    World Trade Organization

    The World Trade Organization took over from the General Agreement on Tariffs and Trade in 1995.

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