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

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Definitions:

Navigable Waters

Bodies of water that are legally recognized as being suitable for public transportation and commerce.

Clean Air Act

A landmark piece of U.S. federal legislation passed to control air pollution on a national level, regulating emissions from both stationary and mobile sources.

Wetlands

Areas of land saturated with water, either seasonally or permanently, which play a crucial role in the ecosystem.

Clean Water Act

A U.S. federal law established to regulate the discharge of pollutants into the waters of the United States and to quality standards for surface waters.