Which of the Following Is True of the Gold Standard

question 30

Multiple Choice

Which of the following is true of the gold standard used from 1870 to 1914?

• A) It was highly volatile global peg system.
• B) Banks were free from the need of maintaining gold reserves.
• C) It propelled the dollar to the commanding heights of the global economy.
• D) Gold was used as the common denominator for all currencies.

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