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What is the Gold Standard?

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  By   NICK LIOUDIS  Updated Sep 24, 2020 The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. With the  gold standard , countries agreed to convert paper money into a fixed amount of gold. A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price. That fixed price is used to determine the value of the currency. For example, if the U.S. sets the  price of gold  at $500 an ounce, the value of the dollar would be 1/500th of an ounce of gold.

65 COMPANIES IN AMERICA DOING THEIR PART TO FIGHT THE CORONAVIRUS

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CHARLIE SPIERING 2 Apr 2020 President Donald Trump continues to ask all companies in America to find ways to help the country fight the coronavirus.

U.S. ECONOMY CREATED 225,000 JOBS IN JANUARY

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JOHN CARNEY 7 Feb 2020 The U.S. economy added 225,000 jobs in January and the unemployment rate ticked up to 3.6.