Gold standard
The system agreed around 1870 under which central banks issued paper currency and held equivalent gold in reserve, so each currency's value against another was derived from the gold exchange rate.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Where this is taught
Free preparation for NISM Series I← All terms