The gold standard is one way of achieving a fixed exchange rate system. It involves setting the value of a currency to a fixed amount of gold, which limits the ability of governments to manipulate their currency values. However, this system has largely been abandoned in favor of floating exchange rate systems, which allow currencies to fluctuate based on market forces.

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The Gold Standard Is

Question 69

Multiple Choice

The gold standard is

A) the only way to achieve a fixed exchange rate system
B) one way of achieving a fixed exchange rate system
C) one way of achieving a floating exchange rate system
D) the only way of achieving a floating exchange rate system

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