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QUESTION No 1: Why did gold standard collapse? Is it possible to return to gold standard? Give logic with possibility or impossibility of the case?

QUESTION No 1:

Why did gold standard collapse? Is it possible to return to gold standard? Give logic with

possibility or impossibility of the case?

(IMPORTANT INSTRUCTIONS:Answer should be original in context not copy pasted. answer should be in detail with proper justification, reasoning and explanation. provide proper facts and figures to support answer with the help of examples)

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