There is a strong possibility that the world will return to a gold standard in the near future to prevent an outbreak of global inflation.

Question

Quizplus · Accepted Answer

The global economy has largely moved away from the gold standard, and there is little indication from major economies or international financial institutions of a shift back to it. The current financial systems and monetary policies are based on fiat currencies, which offer greater flexibility in managing economies than the gold standard would allow.

There Is a Strong Possibility That the World Will Return