contestada

Which of the following is a definition of the gold standard?

β€’ indicator of the highest credit rating
β€’ variable currency based on the price of gold
β€’ weight of gold bullion
β€’ purity of bold bullion
β€’ currency based on the price of gold

Respuesta :

Gold standard is the variable of currency based on the price of gold. The value of the currency was defined in terms of gold and the currency could be exchange. This standard has been abandoned last 1930s during the Depression.Β 

Answer:

Currency based on the price of gold

Explanation:

Q&A Education