Which of the following is a reason for the emergence of the gold standard?
A)expansion in the volume of international trade due to the Industrial Revolution
B)inability of governments to convert gold into paper currency on demand at a fixed rate
C)widening gap between the developed and the developing nations
D)failure of the Bretton Woods fixed exchange rate system
E)failure of the U.S.dollar to act as a reference currency

Question

Quizplus · Accepted Answer

The expansion of international trade due to the Industrial Revolution increased the need for a stable and widely accepted currency for international transactions, which was fulfilled by the gold standard.

Which of the Following Is a Reason for the Emergence