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What is the 'gold standard'?
"Under the Bretton Woods system, 1 ounce of gold was fixed at $35."
After the gold standard ended, money became based on ___.
What is a characteristic of 'fiat money'?
"The money we use today can be exchanged for gold."
How did money change after the gold standard was abolished?
Commodity money
Fiat money (present)
Gold standard
Drag words here in order: