The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2

-Countries that maintain a constant gold value for their currencies are said to be on a gold standard.

Question

The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2
 
-Countries that maintain a constant gold value for their currencies are said to be on a gold standard.

Quizplus · Accepted Answer

The question is not directly related to the given figure, but the statement is true as per the definition of a gold standard.

The Figure Given Below Depicts the Foreign Exchange Market for British