Under the gold standard, a balance of payments surplus at the current fixed exchange rate meant that gold flowed out of the country and the money supply decreased.

Name: Under the gold standard, a balance of payments surplus at the current fixed exchange rate meant that gold flowed out of the country and the money supply decreased.
Brand: Quizplus
Rating: 5.0 (52 reviews)

Question

Quizplus · Accepted Answer

Under the gold standard, a balance of payments surplus meant that gold flowed into the country, increasing the money supply.

Under the Gold Standard, a Balance of Payments Surplus at the Current