The primary benefit derived from the gold standard was
A) domestic monetary autonomy.
B) capital mobility.
C) stability.
D) a rise in global income.

Question

Quizplus · Accepted Answer

The primary benefit derived from the gold standard was stability. The gold standard provided a stable monetary system as it had a fixed exchange rate with gold. This allowed for more predictability and less uncertainty in international trade and investment. However, it also limited the ability of governments to adjust their monetary policies to address economic issues, such as recessions or inflation.

The Primary Benefit Derived from the Gold Standard Was