The gold standard was essentially a global peg system with little volatility and a great deal of predictability and stability.

Name: The gold standard was essentially a global peg system with little volatility and a great deal of predictability and stability.
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The gold standard was a monetary system where currencies were pegged to a specific amount of gold, providing stability and predictability in exchange rates due to the fixed value of gold.

The Gold Standard Was Essentially a Global Peg System with Little