The Gold Standard System Was

question 9

Multiple Choice

The gold standard system was:

• A) a floating exchange rate system.
• B) a fixed exchange rate system, in which the country's currency was fixed relative to a pound of gold.
• C) a fixed exchange rate system, in which the country's currency was fixed relative to an ounce of gold.
• D) only used by the United States.

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Definitions:

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