Which of the Following Is an Advantage of Using the Gold

question 99

Multiple Choice

Which of the following is an advantage of using the gold standard?

• A) The standard makes sure that goods are not priced out from markets due to inflation.
• B) The standard does not require a commitment from a nation to maintain its currency's value.
• C) The standard effectively prevents the devaluation of currencies across the world.
• D) The standard contains a powerful mechanism for achieving balance-of-trade equilibrium by all countries.

---

Definitions:

Pebble Tools

One of the earliest forms of stone tools, shaped by chipping away pieces to create an edge, used by ancient human ancestors.

Cooking Food

The process of preparing food by combining, mixing, and heating ingredients, which can improve taste and make the food safer to eat.

Detoxifies

The process of removing toxic substances from a living organism, or converting them into less harmful compounds.

Neandertals

An extinct species or subspecies of archaic humans who lived in Eurasia until about 40,000 years ago, known for their robust build and association with certain cultural artefacts.