The gold standard has it origin in what?
A) the use of the word "gold" to refer to items of value
B) the use of gold coins as a medium of exchange
C) the inherent value placed on gold stones as objects of beauty and value
D) the use of gold bricks as a medium of exchange between countries
E) the resistance of gold to depreciation in value

Question

Quizplus · Accepted Answer

The gold standard originated from the use of gold coins as a medium of exchange. It was a monetary system in which the value of a country's currency was directly linked to a specific amount of gold, which could be exchanged between countries for trade or investment purposes.

The Gold Standard Has It Origin in What