Question

At one point, the value of the U.S. dollar was set according to the gold standard. Which of the following is this an example of?

a. fixed exchange rate
b. floating exchange rate
c. flexible exchange rate
d. figured exchange rate

Answer 1

I believe the correct answer would be A 

Answer 2

At one point, the value of the United States dollar was set according to the gold standard. One of these examples is the fixed exchange rate. The gold exchange standard guarantees the fixed exchange rate to the currency of another country that uses the gold standard.

The answer would be letter A.