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18-07-2016
Social Studies

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What is the gold standard?
a. a system that uses actual gold coins as a country��s money.
b. a system in which a country��s money is backed with gold.
c. a currency system in which each dollar is worth 1/20 of a pound of gold.
d. a money system in which the paper currency is good in more than one country.

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WorldlyGlass49 WorldlyGlass49

18-07-2016

The gold standard is B) a system in which a country's money is backed with gold.
It is a monetary system where a country's currency or paper money has a value directly linked to gold.

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