Which statement is FALSE about the Gold Standard Responses Gold supply is unlimited and is used to increase economic growth today Gold supply is unlimited and is used to increase economic growth today The gold standard was developed to prevent the over printing of money The gold standard was developed to prevent the over printing of money The banks no longer have to hold gold equal to the amount of money they possess The banks no longer have to hold gold equal to the amount of money they possess The nation is no longer under the rules of the Gold Standard