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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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Updated 229 days ago|9/7/2016 2:00:40 AM
2 Answers/Comments
What is the gold standard?
Answer: c. A currency system in which each dollar is worth 1/20 of a pound of gold.
Added 8/31/2013 11:22:57 AM
This answer has been flagged as incorrect.
Flagged by jerry06 [9/7/2016 2:00:42 AM]
The gold standard is a system in which a country’s money is backed with gold.
Added 229 days ago|9/7/2016 2:00:40 AM
This answer has been added to the Weegy Knowledgebase
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
Question
Not Answered
Updated 202 days ago|10/4/2016 9:18:40 AM
2 Answers/Comments
What is the gold standard?
Answer: c. A currency system in which each dollar is worth 1/20 of a pound of gold.
Added 8/31/2013 11:25:06 AM
This answer has been flagged as incorrect.
Flagged by kiara07 [10/4/2016 9:18:39 AM]
The gold standard is a system in which a country’s money is backed with gold.

Added 202 days ago|10/4/2016 9:18:40 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by yumdrea [10/5/2016 10:13:19 AM]
Money that has value because the government has ordered it is an acceptable means to pay debts is: a. fiat money c. representative money b. commodity money d. uniformed money
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Expert Answered
Updated 5/24/2015 9:32:35 AM
1 Answer/Comment
Money that has value because the government has ordered it is an acceptable means to pay debts is: FIAT MONEY.
Added 5/24/2015 9:32:35 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by selymi [5/24/2015 9:38:25 AM]
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