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Hold cash standard In a hold cash framework, the money of another nation lls the roles that gold has in a highest quality level. A
Hold cash standard In a hold cash framework, the money of another nation lls the roles that gold has in a highest quality level. A nation xes its own money worth to a unit of another nation's cash, by and large a money that is noticeably utilized in global exchanges or is the cash of a signicant exchanging accomplice. For instance, assume India chose to x its cash to the dollar at the conversion standard His = 45.0. To keep up with this decent conversion scale, the Reserve Bank of India would have to hold dollars on save and stand prepared to trade rupees for dollars {or dollars for rupees) on request at the predetermined swapping scale. In the highest quality level the national bank held gold to trade for its own money, with a save cash standard it should hold a supply of the save money
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