The major problem with the _______________ was that no multinational institution could stop countries from engaging in competitive devaluations.
A) metal standard
B) federal reserve standard
C) premium standard
D) gold standard
E) global trade system

Question

Quizplus · Accepted Answer

The gold standard was a monetary system in which the currency's value was linked to gold. However, the major problem with this system was that no multinational institution could stop countries from engaging in competitive devaluations, leading to economic instability.

The Major Problem with the _______________ Was That No Multinational