Under the gold standard, businesses could trade and invest with little fear of changes in the exchange rate.

Name: Under the gold standard, businesses could trade and invest with little fear of changes in the exchange rate.
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Under the gold standard, currencies were pegged to a specific amount of gold, which stabilized exchange rates and reduced the risk of fluctuations, making international trade and investment more predictable.

Under the Gold Standard, Businesses Could Trade and Invest with Little