A key objective of the gold standard was to
A) create a flexible exchange rate system between countries.
B) create a fixed exchange rate system between countries.
C) allow nations to maintain their gold reserves.
D) allow nations to tax its citizens in gold.

Question

Quizplus · Accepted Answer

The key objective of the gold standard was to create a fixed exchange rate system between countries, where the value of each country's currency was pegged to a specific amount of gold. This helped to ensure stability in international trade and investments.

A Key Objective of the Gold Standard Was to