TRUE OR FALSEUnder a gold standard, a continual balance of surplus in any countr

TRUE OR FALSEUnder a gold standard, a continual balance of surplus in any country can be sustained only as long as the country’s gold reserves hold out. Please Explain your answer.
Question:Under a gold standard, a continual balance of surplus in any country can be sustained only aslong as the country’s gold reserves hold out.Solution:TrueBecause currencies were…