Question: The gold standard was a fixed exchange-rate system that linked the paper currencies of nations to specific values of gold and, indirectly, to one another.

The gold standard was a fixed exchange-rate system that linked the paper currencies of nations to specific values of gold and, indirectly, to one another. Advantages of the Gold Standard Reduced the risk in exchange rates Imposed strict monetary policies Help correct a nation's trade imbalance

The gold standard was a fixed exchange-rate system that linked the paper currencies of nations to specific values of gold and, indirectly, to one another. Advantages of the Gold Standard - Reduced the risk in exchange rates - Imposed strict monetary policies - Help correct a nation's trade imbalance

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