The amount of a currency needed to purchase one ounce of gold was referred to as the
A) golden rule.
B) gold standard.
C) pegged gold value.
D) gold par value.

Name: The amount of a currency needed to purchase one ounce of gold was referred to as the A) golden rule. B) gold standard. C) pegged gold value. D) gold par value.
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Question

Quizplus · Accepted Answer

Under the gold standard, the amount of a currency needed to purchase one ounce of gold was referred to as the gold par value.

The Amount of a Currency Needed to Purchase One Ounce