Consider a Country Atlantica,using Dollars ($) as Its Currency

question 26

Multiple Choice

Consider a country Atlantica,using dollars ($) as its currency.If this country sets a price for gold,and then issues currency such that the amount in circulation is equivalent to the value of gold held in reserve,it is said to be following:

• A)a gold exchange standard.
• B)a gold standard.
• C)a reserve currency standard.
• D)a crawling peg standard.
• E)a currency board standard.

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Definitions:

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