单项选择题

The gold-exchange standard differs from the gold standard in that

A．it does not establish a generally accepted international medium of exchange.
B．it establishes no relationship between the value of a given currency and the value of gold.
C．the relationship it established between the value of any currency and the value of gold is indirect rather than direct.
D．it is a two-tiered rather than a single-tiered system.
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单项选择题
When the author says that the success of the gold-exchange standard depended on the superior position of the United States in world trade (paragraph 4), she is most probably referring to the idea that
A．under this system, the United States was required to lend money to any computer that asked.
B．under this system, the United States was the only country allowed to maintain gold reserves.
C．tying the value of most currencies to any one currency requires that that currency be stable.
D．the gold-exchange standard is less flexible in meeting currency demands than the gold standard.
单项选择题
The gold standard had limited liquidity (paragraph 2) most probably because
A．the money supply could grow no faster than the supply of gold.
B．it was impossible to convert the currency of one country into that of another.
C．the money supply varied independently of the gold supply.
D．a nation's currency could not be freely converted into gold.
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