Multiple Choice
Under a gold standard,
A) with a balance of payments deficit, interest rates would fall and attract foreign capital.
B) a deficit in the balance of payments increased a nation's money supply automatically.
C) all currencies were defined in terms of gold.
D) when a nation had a deficit in its balance of payments, more gold was flowing in than was flowing out.
E) All of the above are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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