Question

Which of the following is a definition of the gold standard?

A. indicator of the highest credit rating
B. variable currency based on the price of gold
C. weight of gold bullion
D. purity of bold bullion
E. currency based on the price of gold

Answer 1

e

Step-by-step explanation:

same

Answer 2

E. Currency based on the price of gold

Step-by-step explanation:

The correct answer is option E. Currency based on the price of gold. This is because, a gold standard is a type of monetary system that is proportionate to the exchange between gold and paper money. Thanks to the gold standard any country could exchange their paper money into a fixed amount of gold.