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When the United States used a gold standard, the U.S. dollar:
O A. could not be spent in any country outside the United States.
B. had its value tied to the amount of gold in U.S. reserves.
C. was considered one of the least valuable currencies in the world.
D. only existed as gold coins rather than paper money.

Respuesta :

Answer:

B. Had its value tied to the amount of gold in the U.S. reserves.

Explanation:

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chilljain33

When the United States uses a gold standard, the U.S. dollar had its value tied to the amount of gold in the U.S. reserves. Hence, option B holds true.

What is the significance of a gold standard?

Gold standard is a phenomenon, which is used for considering the value of a currency when it is compared with the value of currency of the United States dollar, as it is the most valued national currency.

In case where the United States itself wants to use a gold standard, it considers the comparison of the value of the U.S. dollar against the national gold reserves.

Hence, option B holds true regarding gold standard.

Learn more about gold standard here:

https://brainly.com/question/8848860

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