Gold Par Value Refers to The

question 88

Multiple Choice

Gold par value refers to the:

• A) ratio of the price of gold in a currency to price of gold in U.S. dollars.
• B) amount of a currency needed to purchase one ounce of gold.
• C) ratio of price of gold in a currency to price of gold in euros.
• D) amount of gold required to equal the reference currency that a nation is using.

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Definitions:

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