If nations adopt a gold standard where various countries' money supply is tied to gold, then there
will in effect be a ﬁxed exchange-rate system.

Name: If nations adopt a gold standard where various countries' money supply is tied to gold, then there will in effect be a ﬁxed exchange-rate system.
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Question

Quizplus · Accepted Answer

The adoption of a gold standard would tie the value of a country's currency to the value of gold, therefore creating a fixed exchange-rate system between countries.

If Nations Adopt a Gold Standard Where Various Countries' Money