In order to keep the currency convertible they had to keep interest rates high to prevent people from demanding the gold.

为了保持货币的转换性,他们不得不将利率提高,以防人们向他们索求金子的兑换。

耶鲁公开课 - 金融市场课程节选

So it's all fairly well convertible from one to the other.

所以才能容易转换,一通百通。

哈佛公开课 - 计算机科学课程节选

Of course the price of gold never changed in the gold standard because that was the whole point of the gold standard that's if currency was convertible into gold.

当然，在金本位制度中,金子的价格从来没有变过,因为这是金本位制度,的核心所在,如果货币能够与金子转换的话。

耶鲁公开课 - 金融市场课程节选

The reason that countries dropped the gold standard was that under the effort to keep the currency convertible into gold they were worsening the depression of the 1930s.

这些国家放弃金本位制度,的原因在于，伴随着保持,货币与金子的转换功能,三十年代的大萧条正在被加深。

耶鲁公开课 - 金融市场课程节选

They never kept all the gold for all the dollars that they issued so you could say it's still backed by gold. The really important thing is it's not convertible into gold.

他们从不持有所有的发行过的,货币价值的金子，所以你可以说它是,被金子支持的，真正重要的在于,它不能转换成金子。

耶鲁公开课 - 金融市场课程节选

So, I went out--I remember once- and bought a Galaxy convertible and it was a beautiful car. I had a beautiful girlfriend she was a model--it was just pretty nice.

所以我继续经营着我的事业-我记得曾经-,我买了一辆Galaxy敞篷车,那是一辆非常漂亮的车，我还有个漂亮的女朋友,她是名模特--一切都非常好。

耶鲁公开课 - 金融市场课程节选