Why Was the Gold Standard Suspended During World War I

question 112

Multiple Choice

Why was the gold standard suspended during World War I?

• A) Transporting gold became unsafe and complicated.
• B) Normal commercial transactions between countries ceased.
• C) Countries implemented mercantilism by hoarding gold.
• D) The Bank of England could not maintain the pound's value.

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Definitions:

FIFO Perpetual

An accounting method where goods are sold based on the order they were purchased or produced; "FIFO" stands for "first in, first out," and "perpetual" means the inventory records are updated continuously.