The Gold Standard Is a Monetary System in Which

question 17

Multiple Choice

The gold standard is a monetary system in which:

• A)the exchange rate of major currencies retained nearly the same value with respect to the U.S.dollar.
• B)the exchange rate of the U.S.dollar was periodically adjusted in response to currency crises in its allies' economies.
• C)exchange rates were allowed to change according to their market price.
• D)the exchange rates of the major currencies remained fixed to gold.
• E)governments used gold instead of paper currencies.

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