The gold standard, which most countries used during the 19th and early 20th centuries, was characterized by _____ flows of gold and the _____ of an international coordinating body.
A) free; absence
B) free; presence
C) restricted; absence
D) restricted; presence

Question

Quizplus · Accepted Answer

The gold standard allowed for free flows of gold between countries to balance international payments, and it operated without an international coordinating body, relying instead on the market and national policies to maintain balance.

The Gold Standard, Which Most Countries Used During the 19th