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Monetary standards
...The way the currency of a country is issued, managed and regulated called the monetary system of the country. Monetary standards may be of different kinds. 1. Monometallism:If one metal is the ultimate measure of value in the country standard will be metallic. If one metal is the standard that monometallism. If that metal is gold it will be called gold standard similarly if that is silver it will .... 
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Monometallism
...MONOMETALISM
The monetary system of a country is called Monometallism when the value of the monetary unit is fixed and maintained in terms of one standard metal only If the standard monetary unit is gold the country is said to have a gold standard If the unit of money is silver it is on silver standard.
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