Multiple Choice
Which of the following is not a condition of the international gold standard?
A) A nation must be willing to accept very wide fluctuations in its exchange rate.
B) A nation must allow gold to be freely exported and imported.
C) A nation must be willing to convert gold into paper money and vice versa at a stipulated rate.
D) A nation must define its monetary unit in terms of a certain quantity of gold.
Correct Answer:
Verified
Correct Answer:
Verified
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