3
QuizMultiple Choice

Nixon's Presidency

Question 3 • U.S. History 2026 - 3311 B

President Nixon’s action to end the gold standard

Answer
A
created a budget deficit.
B
meant gold was no longer valuable.
C
meant the value of the dollar changed.
D
ended the US economic downturn.

Explanation

Ending the gold standard meant the U.S. dollar was no longer fixed to a specific amount of gold. Its value could then fluctuate relative to other currencies, so the best choice is “meant the value of the dollar changed.” It did not mean gold became worthless or that the action itself ended the economic downturn.

AI-written and checked against the verified answer.

Previous
Next