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One disadvantage of the pre-1914 gold standard was that Multiple Choice internal prices of economies being rigid, there arose uncertainty in the international trade. central

One disadvantage of the pre-1914 gold standard was that Multiple Choice internal prices of economies being rigid, there arose uncertainty in the international trade. central banks often changed their announced gold prices to achieve competitive devaluations. slow expansion of the world's gold stock led to too much inflation in the prices of products other than gold. pressures to adjust were placed mainly on countries in payments deficit situations, and not on countries in surplus

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