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Give correct answer and explain it Question 7 2 pts The gold standard was an important monetary system in the 19th century. Which of the

Give correct answer and explain it

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Question 7 2 pts The gold standard was an important monetary system in the 19th century. Which of the following statements are correct? Gold is a suitable metal to back a currency as it stores easily, can easily be measured, and is very commonly accepted O Governments are in full control over the money supply if the country adopts the gold standard O Convertability of the gold standard means that a country is willing to exchange gold into silver or another metal countries adopted the gold standard because it was easier to maintain than a fiat currency if two countries are on the gold standard, they will have a fixed exchange rate between their currencies

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