Which of the Following Is an Advantage of Using the Gold

question 11

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 nations 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.

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