Question

Under a gold standard, if Britain exports more to France than France exports to Great Britain, ___________.a. such international imbalances of payment will be corrected automatically. b. this type of imbalance will not be able to persist indefinitely. c. net export from Britain will be accompanied by a net flow of gold in the opposite direction. d. all of the options

Answer 1

Answer: d. All of the above

Explanation:

Under a gold standard, if Britain exports more to France than France exports to Great Britain, such international imbalances of payment will be corrected automatically, this type of imbalance will not be able to persist indefinitely, net export from Britain will be accompanied by a net flow of gold in the opposite direction.