The Gold Standard

question 66

Multiple Choice

The Gold Standard

• A) was a law that set the value of a currency in terms of a specified quantity of gold.
• B) was used by much of the world until the 1930s.
• C) was finally eliminated in the United States by Richard Nixon in 1971.
• D) is popular with some conservatives today.
• E) All of the above are true.

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Definitions:

Continuous Flow

A production process where products move continuously through a series of operations, reducing wait times and inventory levels.