If all currencies were on a gold standard, there would be no exchange rates between currencies and
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If all currencies were on a gold standard, there would be no exchange rates between currencies and we would not face the difficulties presented by fluctuating exchange rates.
a. What would be the benefit of having all currencies on a gold standard?
b. What would be the cost? (Austrian)
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a Having all currencies on a gold standard would eliminate currency ...View the full answer
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