When currency has its value set to the worth of a specific amount of gold, the economy is using a _____ monetary system called the:
A) fiat; gold standard.
B) fiat; currency standard.
C) commodity; gold standard.
D) commodity; currency standard.

Question

Quizplus · Accepted Answer

The correct answer is C) commodity; gold standard. This is because in a gold standard system, the value of a country's currency is directly linked to a specific amount of gold, making it a commodity-based monetary system.

When Currency Has Its Value Set to the Worth of a Specific