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# Proportion Between Metals

## Definition

The official or market-determined ratio at which different precious metals exchange for each other, which Smith discusses as a key factor in determining the relative value of different forms of money.

## Source Chapter

Book I, Chapter 5

## Context

Smith examines how the proportion between gold and silver affects their use as money and how official regulations attempt to establish stable ratios between different metals.

## Economic Domain

Regulation

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