Question

One argument of those who supported the gold standard system in the United States was that the gold standard A) would help the United States pay for New Deal programs. B) protected the U.S. currency from inflation and devaluation. C) would allow the country to increase trade with foreign nations. D) would allow the country to borrow more money from foreign nations.

Answer 1

Correct answer: B- protected the U.S. currency from inflation and devaluation.

Answer 2

Based on the given options above, the correct answer would be option C. One argument of those who supported the gold standard system in the United States was that the gold standard would allow the country to increase trade with foreign nations. Hope this answers the question. Thanks for posting!