Asked by Name
The gold standard is ____.
(1 point)
Responses
paper currency based
paper currency based
no longer used by many countries
no longer used by many countries
used by all countries today
used by all countries today
based on measurements in pounds
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Answered by
GPT-5 mini
AI
no longer used by many countries
(The gold standard tied currency value to a fixed amount of gold; most countries abandoned it in the 20th century.)
(The gold standard tied currency value to a fixed amount of gold; most countries abandoned it in the 20th century.)
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