Under a gold standard, the Fed
A) allow the price of gold to be freely determined in the gold market.
B) target the price of gold so that it rose "k-percent" each year.
C) no direct control over the nation's inflation rate.
D) require that only the Fed could own gold.
E) None of the above answers is correct

Question

Quizplus · Accepted Answer

Under a gold standard, the Fed has no direct control over the nation's inflation rate.

Under a Gold Standard, the Fed