The gold standard is a ________ because it secured nations' currencies to the value of gold.
A) floating exchange-rate system
B) fixed exchange-rate system
C) linked exchange-rate system
D) free float system

Question

Quizplus · Accepted Answer

The gold standard is a fixed exchange-rate system because the value of a currency was directly tied to the value of gold. Countries would fix their exchange rate to a set amount of gold, creating a stable and predictable currency value.

The Gold Standard Is a ________ Because It Secured Nations