Under a Gold Standard, the government promises:
A) It will manage the business cycle using expansionary monetary policy.
B) It will stop inflation by printing all the money people desire.
C) To refrain from printing money unless it has gold to back it up.
D) Mine more gold in order to remove paper money from circulation and replace it with gold coins and bullion bars.

Question

24-06-2024
Business

Answered

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Under a Gold Standard, the government promises:
A) It will manage the business cycle using expansionary monetary policy.
B) It will stop inflation by printing all the money people desire.
C) To refrain from printing money unless it has gold to back it up.
D) Mine more gold in order to remove paper money from circulation and replace it with gold coins and bullion bars.

Sagot :

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