When two or more countries are on the gold standard, only very large fluctuations can take place in the exchange rate between their currencies.

Name: When two or more countries are on the gold standard, only very large fluctuations can take place in the exchange rate between their currencies.
Brand: Quizplus
Rating: 4.8 (59 reviews)

Question

Quizplus · Accepted Answer

When countries are on the gold standard, exchange rates between their currencies are relatively stable and fixed, based on the gold content of their currencies, preventing large fluctuations.

When Two or More Countries Are on the Gold Standard