An international gold standard for currency exchanges has the implicit effect of

Question

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Under an international gold standard, the value of a country's currency is tied to the amount of gold it holds. This limits the growth of a country's money supply to the amount of gold it can obtain, which in turn helps to control inflation. As a result, countries cannot simply print more money without first obtaining more gold, which helps to stabilize currencies and prevent rapid fluctuations in exchange rates.

An International Gold Standard for Currency Exchanges Has the Implicit