characteristic of gold that is most important to the success of a gold standard is that it is
A) portable
B) storable
C) easily standardized
D) expensive to produce as well as universally acceptable

Question

Quizplus · Accepted Answer

The characteristic of gold that is most important to the success of a gold standard is that it is universally acceptable, which means it is widely recognized and valued across different countries and cultures. This is why it was used as a global currency for centuries. Additionally, gold is expensive to produce, meaning it cannot be created in unlimited quantities like paper money, and it is easily standardized, meaning its purity can be easily verified. However, portability and storability are not as crucial to the success of a gold standard as universality and scarcity.

Characteristic of Gold That Is Most Important to the Success