what does the term gold - standard refer to? a) a discount rate for loans b) a system of balancing goods c)…

what does the term gold - standard refer to? a) a discount rate for loans b) a system of balancing goods c) currency not backed by gold and silver d) gold used as the basis for national currency

what does the term gold - standard refer to? a) a discount rate for loans b) a system of balancing goods c) currency not backed by gold and silver d) gold used as the basis for national currency

Answer

Brief Explanations:

The gold - standard refers to a monetary system where a country's currency is directly backed by gold and the value of the currency is defined in terms of a fixed quantity of gold. It is used as the basis for national currency.

Answer:

The option that says "gold used as the basis for national currency" is correct.