Multiple Choice
Which of the following is a great strength claimed for the gold standard?
A) It helped establish the dollar as a predominant vehicle currency.
B) It helped governments raise foreign exchange reserves thereby increasing economic stability.
C) It contained a mechanism for achieving balance-of-trade equilibrium by all countries.
D) It helped reduce inflation to near-zero levels in all countries engaged in international trade.
Correct Answer:
Verified
Correct Answer:
Verified
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