Which of the Following Is True of the Gold Standard

question 59

Multiple Choice

Which of the following is true of the gold standard as the international monetary system?

• A)The gold standard allowed countries to observe lax monetary policies.
• B)The volume of paper currency could not exceed the gold reserves.
• C)The countries could just print money to combat economic downturns.
• D)The gold standard provided for the devaluation of the currency to prevent the large-scale economic downturn.
• E)The gold standard tied the currencies of all the countries to the U.S.dollar.

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