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Which of the following most accurately describes the exchange rate system under the classical gold standard...

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Economics

Which of the following most accurately describes the exchange rate system under the classical gold standard system (1875-1914)? Group of answer choices Under the gold standard, the exchange rate between countries would be allowed to float based on market trends and policies made by each country's central bank. The gold standard would allow countries to print additional money to finance a large scale of deficit spending regardless of the gold contents of the currency. Under the gold standard, each country's currency would be pegged against an ounce of gold in order to stabilize the exchange rate between countries. None of the above

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