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Question
Before the Great Global Depression, Britain's economic policy was to keep _______ reserves.
Before the Great Global Depression, Britain's economic policy was to keep _______ reserves.
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Solution
The correct option is A gold
Gold reserves were a way of valuing currency. In other words, currencies had a fixed value in terms of gold. Britain abandoned this policy during the Great Global Depression.
Gold reserves were a way of valuing currency. In other words, currencies had a fixed value in terms of gold. Britain abandoned this policy during the Great Global Depression.
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