The Gold Standard ______

question 4

Multiple Choice

The Gold Standard ______.

• A) failed because it sparked massive hyperinflation in the postwar German economy
• B) while tremendously stable for international prices, was eventually deemed ineffective and detrimental to market stability because of newly independent colonies' ability to build wealth through mining
• C) is similar to today's system in which exchange rates of the world's currencies generally float, meaning the value of currencies goes up and down according to the world's demand for gold
• D) allowed, in the participating major economies, for the exchange of currencies based on their value in relation to a specific amount of gold

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