Which of the following is a great strength of the gold standard? A. I

QUESTION

Which of the following is a great strength of the gold standard?

A. It helped establish the dollar as a predominant vehicle currency.

B. It helped governments raise foreign exchange reserves thereby increasing economic stability.

C. It contained a powerful mechanism for achieving balance-of-trade equilibrium by all countries.

D. It helped reduce inflation to near-zero levels in all countries engaged in international trade.

E. It helped to establish a common currency across the globe to fund international trade.

ANSWER

C