Under the gold exchange standard, countries could not sterilize intervention in the foreign-exchange market.

Name: Under the gold exchange standard, countries could not sterilize intervention in the foreign-exchange market.
Brand: Quizplus
Rating: 4.9 (56 reviews)

Question

Quizplus · Accepted Answer

Under the gold exchange standard, countries could indeed sterilize intervention in the foreign-exchange market, meaning they could offset the domestic money supply effects of buying or selling foreign currency by engaging in opposite domestic monetary operations.

Under the Gold Exchange Standard, Countries Could Not Sterilize Intervention