12th Class Economics Foreign Exchange Rate Question Bank MCQs - Foreign Exchange Rate

  • question_answer
    The gold standard system of exchange rate lost its importance during

    A) 1900s

    B) 1910s

    C) 1920s 

    D) None of these

    Correct Answer: C

    Solution :

    Gold standard start to loose its importance during 1920s, post the world war and rising prices of gold around the globe.


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