Multiple Choice
Which of the following statements about a gold standard is the most accurate?
A) It is a measurement of the importance of gold and it indicates high quality.
B) It is the basis for monetary exchange internationally.
C) It is an internationally recognized means for defining currency exchange rates.
D) It is a system where currency (e.g., the dollar) is defined as equivalent in value to a certain amount of gold.
Correct Answer:
Verified
Correct Answer:
Verified
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