The gold standard has it origin in
A)the use of the word "gold" to refer to items of value.
B)the use of gold coins as a medium of exchange.
C)the inherent value placed on gold stones as objects of beauty and value.
D)the use of gold bricks as a medium of exchange between countries.
E)the resistance of gold to depreciation in value

Question

Quizplus · Accepted Answer

The gold standard refers to a monetary system where the unit of currency is backed by a fixed amount of gold. This system originated from the use of gold coins as a medium of exchange, where the value of the coins was determined by the amount of gold they contained. The gold standard was used by many countries during the 19th and early 20th centuries as a way to stabilize their economies and international trade.

The Gold Standard Has It Origin in