Question

There is no nation involved in global trade that still maintains a fixed value of their currency relative to a key currency or gold

a. true
b. false

Answer 1

a. true

Step-by-step explanation:

• Gold is a currency that is the free market system that will fluctuate tp the form of exchange and no country in international trade can maintain a fixed value of its currency relative to the key currency though they can trade gold in multiple ways and can participate in price movements.