The monetary system wherein little capital mobility occurred, stable exchange rates existed in order to facilitate trade, and the U.S. dollar was the primary currency to which all other currencies adjusted was known as the
a. classical gold standard system.
b. the intervening, interwar era.
c. the Bretton Woods system.
d. the post-Bretton Woods system.
Question 2
The primary benefit derived from the gold standard was
a. domestic monetary autonomy.
b. capital mobility.
c. stability.
d. a rise in global income.
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