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Question
- how was the dollar affected when the u.s. adopted the gold standard? people began hoarding dollars. it lost value. it gained in value. more dollars went into circulation.
Brief Explanations
The gold standard ties a currency's value to gold. When the U.S. adopted it, the dollar's value became more stable and was backed by gold, increasing its value. Hoarding isn't a direct effect of adoption, losing value contradicts the gold - backed stability, and more dollars in circulation isn't a direct result of adopting the gold standard.
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C. It gained in value.