GK
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is a monetary unit
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*a standard unit of value of a country’s coinage
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*the beliefs, customs, and ways of life shared by groups of people
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-A head of state may have executive powers, or may just hold ceremonial powers
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*term frequently used to describe the highest ranking government official
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Explanation:
Detailed explanation-1: -monetary unit-a unit of money. unit, unit of measurement-any division of quantity accepted as a standard of measurement or exchange; “the dollar is the United States unit of currency"; “a unit of wheat is a bushel"; “change per unit volume” dollar-the basic monetary unit in many countries; equal to 100 cents.
Detailed explanation-2: -The gold standard is a monetary system where a country’s currency or paper money has a value directly linked to gold. With the gold standard, countries agreed to convert paper money into a fixed amount of gold. A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price.
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