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    Exam 21: The International Monetary System: Past, present, and Future Answers to Selected Problems on Web
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    Under a Gold Standard
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Under a Gold Standard

Question 19

Question 19

Multiple Choice

Under a gold standard


A) there cannot be a balance of payments deficit.
B) there cannot be a balance of payments surplus.
C) balance of payments imbalances should be quickly corrected by gold flows.
D) countries must sterilize all gold transactions.

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