ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which statement below is true.
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Some politicians believe we should be on a gold standard as a way to secure the value of our money.
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The United States was never on a gold standard as a way to maintain the value of our money.
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The gold standard is not necessary as long as everyone agrees that our paper currency is valuable.
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As a result of the COVID-19 Pandemic many countries are planning to convert their money to a gold standard and also start producing gold coins.
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The United States stopped using the gold standard for money about 100 years ago.
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Explanation:
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