This is a mechanism identical to today's currency boards, which is why I say that a gold standard system is like a "currency board linked to gold.
这一机制跟今天的货币发行局作用相同，这也是为什么我说金本位制度就像是一个“与黄金挂钩的货币发行局”。
Gold Standard Monetary system in which the value of its currency is based on the fixed amount of gold which backs it.
金本位货币价格基于支持该货币的一定数量黄金的货币制度。
The Federal Reserve System has done a miserable job, with or without a gold standard, of providing the correct amount of currency for the economy.
联邦储备系统已经做了一个悲惨的工作，使用或不使用金标准，为经济提供了正确的货币量。
Before the First World War, the gold standard created a fixed exchange rate system as each country pegged the value of its currency to gold to establish its par value.
第一次民界大战之前，金本位制建立了固定汇率制，每个国家通过将本国货币与黄金挂钩来确定其货币的平价。
Before the First World War, the gold standard created a fixed exchange rate system as each country pegged the value of its currency to gold to establish its par value.
第一次民界大战之前，金本位制建立了固定汇率制，每个国家通过将本国货币与黄金挂钩来确定其货币的平价。
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