Solved

Why Did the Adoption of the Gold Standard Facilitate Global

Question 62

Multiple Choice

Why did the adoption of the gold standard facilitate global trade?


A) Gold was easier to mine than previous standard metals.
B) The International Monetary Fund pushed for the adoption of the gold standard.
C) It suited the interests of Great Britain,as it controlled most of the gold mines.
D) It created a predictable way to exchange international currencies.
E) Few countries had existing trade barriers against gold.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions