Which of the Following Was an Advantage of the Gold

question 77

Multiple Choice

Which of the following was an advantage of the gold standard?

• A)It retained trade imbalances.
• B)It abolished monetary policies on all countries.
• C)It reduced the risk in exchange rates.
• D)It increased exchange-rate fluctuations.

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Definitions:

Agent

A person authorized to act on behalf of another person or organization, typically in business or legal matters.

Express Authority

Specific powers given by a principal to an agent for particular tasks or activities.

Specifically Outlined

Described or detailed in a clear and explicit manner, leaving no room for ambiguity.

Acts

Formal decisions, laws, or statutes enacted by a government's legislative body.