Which of the following was a feature of the gold standard? Countries had a system of flexible exchange rates as each country's currency was convertible with gold at a fixed price. If a country is a net exporter of goods and services, it will experience on average, a net outflow of gold. The size of monetary base in an economy was linked to the quantity of gold in circulation. O None of the above. Question 12 1 pts account ___being reversed and turned into a A twin crisis is usually associated with a large account current, surplus, capital, deficit capital, deficit, capital, surplus current, deficit, current, surplus None of the above