Tag Archives | Monetary Standard

Types of Gold Standard (With Features, Merits and Demerits) | Economics

Historically there have been different forms of gold standard. They are – 1. Gold Coin Standard 2. Gold Bullion Standard 3. Gold Exchange Standard 4. Gold Reserve Standard 5. Gold Parity Standard. Type # 1. Gold Coin Standard: Gold coin standard or gold currency standard or gold species standard is the oldest form of gold standard. It is also known [...]

By Suman K|2018-08-13T06:52:05+05:30August 13, 2018|Gold Standard|Comments Off

Types of Monetary Standards: Metallic and Paper Standard | Economics

In this article we will discuss about the two types of monetary standards: A. Metallic Standard B. Paper Standard. A. Metallic Standard: Under metallic standard, the monetary unit is determined in terms of some metal like gold, silver, etc. Standard coins are made out of the metal. Standard coins are full-bodied legal tender and their value is equal to their [...]

By Suman K|2018-08-13T06:52:05+05:30August 13, 2018|Monetary Standards|Comments Off