Multiple Choice
One of the changes that was a result of Canada's return to the gold standard in 1926 was that
A) chartered banks could no longer hold gold in their reserves.
B) the price of gold was allowed to fluctuate according to demand and supply.
C) gold mining was made a monopoly of the government.
D) the Canadian dollar was devalued to reflect the price of gold.
E) currency provided by the chartered banks lost its status as legal tender.
Correct Answer:
Verified
Correct Answer:
Verified
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