The amount of a currency needed to purchase one ounce of gold was referred to as the gold par value under the gold standard.

Name: The amount of a currency needed to purchase one ounce of gold was referred to as the gold par value under the gold standard.
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This is true. Under the gold standard, currencies were pegged to the price of gold and the gold par value was the amount of currency needed to purchase one ounce of gold.

The Amount of a Currency Needed to Purchase One Ounce