gold currency standard system

基本解释

Gold Standard Monetary system in which the value of its currency is based on the fixed amount of gold which backs it.
金本位货币价格基于支持该货币的一定数量黄金的货币制度。
This is a mechanism identical to today's currency boards, which is why I say that a gold standard system is like a "currency board linked to gold.
这一机制跟今天的货币发行局作用相同，这也是为什么我说金本位制度就像是一个“与黄金挂钩的货币发行局”。
The Federal Reserve System has done a miserable job, with or without a gold standard, of providing the correct amount of currency for the economy.
联邦储备系统已经做了一个悲惨的工作，使用或不使用金标准，为经济提供了正确的货币量。

Under the old gold standard system, a currency could be converted into fixed amounts of gold and vice versa.
FORBES: Magazine Article
In this vein, let us remember that a national gold standard is still a fiat currency system, and fiat systems are immoral.
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With that said, the 19th century did have some periods when the intent to reinstate a gold standard system, after a currency devaluation, resulted in a rising currency, with some recessionary effects.
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