Which of the Following Is a Reason for the Emergence

question 95

Multiple Choice

Which of the following is a reason for the emergence of the gold standard?

• A)Expansion in the volume of international trade due to the Industrial Revolution
• B)Inability of governments to convert gold into paper currency on demand at a fixed rate
• C)Widening gap between the developed and the developing nations
• D)Failure of the Bretton Woods fixed exchange rate system
• E)Failure of the U.S. dollar to act as a reference currency

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