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Examveda

Gold standard introduced in

A. 1913

B. 1990

C. 1876

D. 1944

Answer: Option C

Solution(By Examveda Team)

Gold standard introduced in 1876. Gold standard, monetary system in which the standard unit of currency is a fixed quantity of gold or is kept at the value of a fixed quantity of gold. The currency is freely convertible at home or abroad into a fixed amount of gold per unit of currency.

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