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    Business
  3. Study Set
    GLOBAL 4
  4. Exam
    Exam 7: Dealing With Foreign Exchange
  5. Question
    Under the Gold Standard,every Central Bank Needed to Maintain Gold
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Under the Gold Standard,every Central Bank Needed to Maintain Gold

Question 2

Question 2

True/False

Under the gold standard,every central bank needed to maintain gold reserves in order to be able to redeem its currency in gold at a fixed price.

Correct Answer:

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