Differentiate between ‘gold exchange standard’ and ‘gold standard

B.R. Ambedkar, the renowned Indian jurist, social reformer, and architect of the Indian Constitution, made significant contributions to economic thought, particularly in the context of India's economic development and the problems of the marginalised sections of society. While he is best known for his work in social justice and political reforms, his economic ideas also played a crucial role in shaping India's economic policies. To differentiate between the 'gold exchange standard' and the 'gold standard,' it's essential to understand these two monetary systems and how they relate to Ambedkar's economic thought.

1. Gold Standard:
   The gold standard is a monetary system in which the value of a country's currency is directly tied to a specific quantity of gold. Under the gold standard, a country's currency is convertible into a fixed amount of gold at any time, providing stability and predictability to the currency's value. In essence, the gold standard ensures that _______ ____ ____ ___ ___ _____.
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