One Feature of the Gold Standard Was That

question 208

Multiple Choice

One feature of the gold standard was that

• A)countries had almost complete control over their own monetary policies
• B)surplus could cause the money supply to decrease
• C)slow gold production could lead to deflation
• D)exchange rates were unstable
• E)each currency was worth the same as other currencies

---

Definitions:

Cent

A monetary unit in various countries, representing one-hundredth of the basic unit of currency.

Percent Rate

The percentage that indicates the rate of change or the rate applied to a specific financial calculation.

Base

(1) The quantity that is multiplied by itself in a power. (2) The initial amount to which a percent change is applied.

Accurate

Free from errors or mistakes; precise.