Which of the following is the most accurate description of the gold standard?
A) Pegging currencies to gold and guaranteeing convertibility
B) Conducting international trade by physically exchanging gold
C) The most valuable currency in the world at any given point in time
D) Trading gold for other valuable commodities
Correct Answer:
Verified
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Q59: The gold standard was abandoned in:
A)1870.
B)1889.
C)1914.
D)1924.
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Q61: Which term was intended to apply to
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