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Under the gold standard, when a nation had a deficit in its balance of payments, A. interest rates would fall which would increase foreign investment.
Under the gold standard, when a nation had a deficit in its balance of payments, A. interest rates would fall which would increase foreign investment. B. gold would flow into the country leading to an increase in the domestic money supply. c. gold would flow to foreign residents and the domestic money supply would decrease. D. interest rates would rise which would reduce foreign investment
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