Gold Standard: Features, Functions, Working, Rules, Merits and Demerits
In this article we will discuss about:- 1. Features of Gold Standard 2. Functions of Gold Standard 3. Automatic Working 4. Rules 5. Merits 6. Demerits 7. Breakdown. Features of Gold Standard: The basic features of the gold standard are: (i) The monetary unit is defined in terms of certain weight and fineness of gold. (ii) All gold coins are [...]