Which of the following rendered the international monetary supply inflexible in the Great Depression during the 1930s?

Question

Quizplus · Accepted Answer

The gold standard acted as a rigid framework for the international monetary supply during the Great Depression. Countries adhering to the gold standard were committed to maintaining fixed exchange rates and converting their currencies into gold at a fixed price. This limited the ability of countries to adjust their currencies to respond to economic downturns, which contributed to the severity and duration of the Great Depression.

Which of the Following Rendered the International Monetary Supply Inflexible