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Which of the following accurately describes the exchange rate system under the classical gold standard system (1875-1914)? O Under the gold standard, each country's currency

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Which of the following accurately describes the exchange rate system under the classical gold standard system (1875-1914)? O Under the gold standard, each country's currency would be pegged against an ounce of gold in order to stabilize the exchange rate between countries. O Under the gold standard, the exchange rate between countries would be allowed to float based on market trends and policies made by each country's central bank. O A key shortcoming of the classical gold standard was that the supply of newly minted gold could be limited, such that the growth of world trade and investment could be seriously hampered. O a and c

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