Which of the Following Was NOT Considered to Have Been

question 47

Multiple Choice

Which of the following was NOT considered to have been a drawback of the pre-1914 gold standard?

• A)It sometimes led to inflation, which several times in the late nineteenth century caused recessions in the United States.
• B)Countries had little control over their domestic monetary policies.
• C)Countries with trade deficits experienced deflation.
• D)Changes in the world money supply were strongly influenced by gold discoveries.

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