Multiple Choice
Under a gold standard,if the market price of gold is below the official price of gold (set by the monetary authority) members of the public would likely buy gold _______________ and sell it __________________,causing the market price of gold to ____________________.
A) from the monetary authority; in the gold market; fall
B) from the monetary authority; in the gold market; rise
C) in the gold market; to the monetary authority; fall
D) in the gold market; to the monetary authority; rise
Correct Answer:
Verified
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