Under the gold standard, if gold was flowing from Spain to the United States, the money supply in the United States would increase and U.S. interest rates would decrease.

Name: Under the gold standard, if gold was flowing from Spain to the United States, the money supply in the United States would increase and U.S. interest rates would decrease.
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Quizplus · Accepted Answer

Under the gold standard, gold was money, and an inflow of gold into a country would increase its money supply, leading to lower interest rates.

Under the Gold Standard, If Gold Was Flowing from Spain