Question

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.

Answer 1

Answer: B

Explanation: A system in which a country's money is backed with gold.

Answer 2

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.