If two countries adhere to a gold standard,the exchange rate for their currencies is fixed.

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When two countries adhere to a gold standard, the exchange rate for their currencies is fixed. This is because the value of their currencies is tied to the value of gold, which has a fixed price. Therefore, the exchange rate between two countries on a gold standard will remain constant, as long as the value of gold does not change.

If Two Countries Adhere to a Gold Standard,the Exchange Rate