Differentiate between ‘gold exchange standard’ and ‘gold standard’.

The concepts of the "gold exchange standard" and the "gold standard" are both related to monetary systems that were prevalent during different periods of economic history. B.R. Ambedkar, the prominent Indian economist, jurist, and social reformer, made significant contributions to the field of economics, and while he primarily focused on issues related to social justice and economic development in India, his work also had implications for understanding monetary systems. To differentiate between these two standards, we can explore their key characteristics:

1. Gold Standard:
   The gold standard was a monetary system that was widely adopted during the 19th and early 20th centuries. In a gold standard system, ______ ______ ___ _______ _______ _______ _______ ____ __________ _______ _________.
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