Which of the Following Is a Great Strength of the Gold

question 24

Multiple Choice

Which of the following is a great strength of the gold standard?

• A)It helped establish the dollar as a predominant vehicle currency.
• B)It helped governments raise foreign exchange reserves thereby increasing economic stability.
• C)It contained a powerful mechanism for achieving balance-of-trade equilibrium by all countries.
• D)It helped reduce inflation to near-zero levels in all countries engaged in international trade.
• E)It helped to establish a common currency across the globe to fund international trade.

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