Which of the following is a great strength claimed for the gold standard?
A)It helped establish the dollar as a predominant vehicle currency.
B)It helped governments raise foreign exchange reserves thereby increasing economic stability.
C)It contained a mechanism for achieving balance-of-trade equilibrium by all countries.
D)It helped reduce inflation to near-zero levels in all countries engaged in international trade.

Question

Quizplus · Accepted Answer

The great strength claimed for the gold standard was that it contained a powerful mechanism for achieving balance-of- trade equilibrium by all countries.

Which of the Following Is a Great Strength Claimed for the Gold