Multiple Choice
Which of the following is true of the gold standard used from 1870 to 1914?
A) It was highly volatile global peg system.
B) Banks were free from the need of maintaining gold reserves.
C) It propelled the dollar to the commanding heights of the global economy.
D) Gold was used as the common denominator for all currencies.
Correct Answer:
Verified
Correct Answer:
Verified
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