An "international" gold standard can be said to exist when
A)gold alone is assured of unrestricted coinage
B)there is two-way convertibility between gold and national currencies at a stable ratio
C)gold may be freely exported or imported
D)all of these

Question

Quizplus · Accepted Answer

An international gold standard exists when all three conditions are met: gold is assured of unrestricted coinage, there is two-way convertibility between gold and national currencies at a stable ratio, and gold may be freely exported or imported. Therefore, option D is the correct answer as it includes all three conditions.

An "International" Gold Standard Can Be Said to Exist When