All of the following apply to the Gold Standard era of exchange rate determination except:
A) National currency values were determined through their value in gold
B) Countries settled their international accounts using gold
C) Gold backed up issues of national currencies
D) The Gold Standard era ended in 1918
E) All are characteristics of the Gold standard era

Question

Quizplus · Accepted Answer

The Gold Standard era did not end in 1918; it continued in various forms until the 1930s. The classical Gold Standard era is often considered to have lasted until around the beginning of World War I in 1914, but aspects of gold standard policies were reinstated in the 1920s before being abandoned during the Great Depression.

All of the Following Apply to the Gold Standard Era