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<span>Arab nations, SW Asian countries, China, areas in the Pacific, Mexico and the United States.</span>
TRUE, the Gold Exchange Standard is a monetary system in which gold is taken out of the market and instead given notes or certificates(paper) as a type of currency/symbol that at any moment you could exchange for gold with the government, this system was abandoned by most nations by the 20th century, but most of them still keep gold as part of their guarantee and support to their national currency
A decrease in demand and an increase in supply will cause a fall in equilibrium price, but the effect on equilibrium quantity cannot be determined. 1. For any quantity, consumers now place a lower value on the good, and producers are willing to accept a lower price; therefore, price will fall.
