Which of the Following Statements Is True of the Gold

question 6

Multiple Choice

Which of the following statements is true of the gold standard?

• A) Gold standard was adopted only by the smaller nations of the world.
• B) Currencies were pegged to gold under the gold standard.
• C) Convertibility to gold was not guaranteed under the gold standard.
• D) Gold standard was not helpful in maintaining balance-of-trade equilibrium.