If the United States and France are both on the international gold standard and U.S. exports to France exceed United States imports from France, gold will flow from the United States to France.

Question

Quizplus · Accepted Answer

Under the gold standard, if the U.S. exports to France exceed its imports from France, gold would flow from France to the U.S. to balance the trade, as France would need to pay for its net imports from the U.S. in gold.

If the United States and France Are Both on the International