To participate in the gold standard,countries did which of the following?
A)Traded gold for national currency at a fixed price
B)Prohibited the use of silver coinage
C)Replaced all paper currencies with gold specie
D)Adopted the pound sterling as their official currency

Question

Quizplus · Accepted Answer

To participate in the gold standard, countries fixed the exchange rate of their currency to a set amount of gold and allowed for the exchange of their national currency for gold at that fixed price.

To Participate in the Gold Standard,countries Did Which of the Following