The value of a currency expressed in terms of gold is called its ________.
A) book value
B) net asset value
C) par value
D) carrying value

Question

Quizplus · Accepted Answer

The value of a currency expressed in terms of gold is called its par value. This was a common practice before the collapse of the Bretton Woods system in the 1970s, where major currencies were pegged to gold and their exchange rates were fixed. However, this system is no longer in use today.

The Value of a Currency Expressed in Terms of Gold