Under the gold standard, regulators have no control over the money supply.

Name: Under the gold standard, regulators have no control over the money supply.
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Under the gold standard, the money supply is influenced by the amount of gold a country possesses and its gold policies, but regulators can still impact the money supply through monetary policy decisions, such as changing reserve requirements or engaging in open market operations.

Under the Gold Standard, Regulators Have No Control Over the Money