gold standard only refers to linking a currency value to the value of gold.
gold standard only refers to linking a currency value to the value of gold.
which term only refers to linking a currency value to the value of gold?
gold standard
in a reserve currency system, the currency of another country performs the functions that gold has in a gold standard. a country fixes its own currency value to a unit of another country’s currency, generally a currency that is prominently used in international transactions or is the currency of a major trading partner. for example, suppose india decided to fix its currency to the dollar at the exchange rate e₹/$ = 45.0. to maintain this fixed exchange rate, the reserve bank of india would need to hold dollars on reserve and stand ready to exchange rupees for dollars (or dollars for rupees) on demand at the specified exchange rate. in the gold standard the central bank held gold to exchange for "its own currency", with a reserve currency standard it must hold a stock of the "reserve currency".
fixed exchange-rate system
renminbi currency value









































renminbi currency value is a debate affecting the chinese currency unit, the "renminbi" ( code:cny). the "renminbi" is classified as a fixed exchange rate currency "with reference to a basket of currencies", which has drawn attention from nations which have freely floated currency and has become a source of trade friction with western nations.









































some economists have argued that the value of the "renminbi" should be allowed to appreciate by 20 to 40 percent against the us dollar. according to the international monetary fund (imf), the "renminbi" is undervalued somewhere between five and 27 percent.









































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renminbi currency value