Under the gold standard,when a country increases the price of gold,it is said to have ________ its currency.
A) appreciated
B) devalued
C) accredited
D) releveraged
E) prefabricated

Question

Quizplus · Accepted Answer

Under the gold standard, the value of a country's currency was directly linked to the price of gold. If a country increases the price of gold, it means the currency can buy less gold, and therefore it has been devalued. Conversely, if the price of gold decreases, the currency is said to have appreciated.

Under the Gold Standard,when a Country Increases the Price of Gold,it