An Important Problem of the Gold Standard Was That

question 99

Multiple Choice

An important problem of the gold standard was that

• A)it was too complicated and restricted business activity.
• B)a country didn't have control of its domestic monetary policy.
• C)exchange rates tended to fluctuate a great deal,making it difficult for businesses to make long-run plans.
• D)one country could easily manipulate the system to its advantage and the disadvantage of other countries.

---

Definitions:

Crime Victims

Individuals who suffer harm due to criminal activities and may be entitled to certain rights and protections under the law.

Public Official

An individual holding a position of authority in government, responsible for making or enforcing laws and public policies.

Criminal Statute

A criminal statute is a law passed by a legislative body that defines criminal offenses and prescribes the penalties for such offenses.

Prohibits

To formally forbid something by law, rule, or other authority.