What is another word for gold exchange standard?
Pronunciation: [ɡˈə͡ʊld ɛkst͡ʃˈe͡ɪnd͡ʒ stˈandəd] (IPA) 
The gold exchange standard was an economic system that operated in the early 20th century and allowed countries to use their currency to exchange for gold. This system had various synonyms or alternatives that were used by economists and policy makers. Some of the common terms used were gold standard, gold-reserve system, gold bullion standard, gold specie standard, and gold pegged currency system. The gold standard was widely adopted worldwide and was considered the most stable and reliable exchange system until it was abandoned in the 1930s due to economic challenges. Despite being replaced by other systems, the legacy of the gold exchange standard can still be seen in modern monetary policies.
