The ________ refers to an international monetary system in which countries agreed to buy or sell their paper currencies in exchange for gold on the request of any individual or firm and to allow the free export of gold.
A) foreign exchange system
B) free market system
C) gold standard
D) mercantilism

Question

Quizplus · Accepted Answer

The gold standard refers to an international monetary system where countries agreed to buy or sell their paper currencies in exchange for gold. It also allowed the free export of gold. This system was used in the 19th and early 20th centuries, and eventually collapsed during the great depression.

The ________ Refers to an International Monetary System in Which