One disadvantage of gold as the basis for a currency is
A: gold is difficult to transport in large quantities.
B: a new discovery of gold could quickly change the value of the currency.
C: a gold standard can be costly to maintain if the currency comes under speculation.
D: all of the above.
A: gold is difficult to transport in large quantities.
B: a new discovery of gold could quickly change the value of the currency.
C: a gold standard can be costly to maintain if the currency comes under speculation.
D: all of the above.
举一反三
- The drop in value of a currency pegged to gold or another currency is known as ________. A: revaluation B: depreciation C: deterioration D: devaluation
- For Swiss currency, the 5-centime coin is in gold color while all other coins are in silver color.
- The mint parity refers to the( ) A: gold export point B: gold import point C: equilibrium exchange rate D: ratio of the price of a unit of gold in terms of the currency of<br/>two nations
- ________ used to be China's hard currency in ancient times. A: Copper B: Bronze C: Gold D: Silver
- In “Nothing gold can stay”, what are the symbolic meanings of “gold”?