Answer the following questions about the gold standard1

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Answer the following questions about the gold standard:

1) Describe what is meant by the Gold Standard.

2) What were the problems with the gold standard?

3) Is the dollar backed by gold today?

4) Find a descriptive article which deals with a current exchange rate issue.

Briefly summarize the article. Include the article with the summary. [current in this case means 2013).

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