Question: Which descriptioncorresponds to the term gold standard? It occurswhen a commoditycreates the value of a currency. It is the amount of money that must be

Which descriptioncorresponds to the term "gold standard?"

It occurswhen a commoditycreates the value of a currency.

It is the amount of money that must be maintained in a bank at all times.

It is based solely on the trust of the Federal Reserve.

It holds value because it is a widely accepted medium of exchange.

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