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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
The gold standard is a system in which a country’s money is backed with gold.
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Asked 8/31/2013 11:19:01 AM
Updated 10/4/2016 9:18:40 AM
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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]
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The gold standard is a system in which a country’s money is backed with gold.

Added 10/4/2016 9:18:40 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [10/5/2016 10:13:19 AM]
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