A dollar was equal to an exact amount of gold is true about the gold standard.
What is gold standard?
Gold standard refers to a monetary system where the unit of a country's currency is a fixed quantity of gold and its kept at the value of a fixed quantity of gold.
It is a monetary system where a country's currency or paper money has a value directly linked to gold.
Hence, a dollar was equal to an exact amount of gold is true about the gold standard.
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