''A country’s ultimate goal is self-sufficiency, and all countries are in competition to acquire the most gold''. This statement is consistent with the theory of Gold Standard. Therefore, the option B holds true.
What is the significance of the Gold Standard theory?
The theory of Gold Standard can be referred to or considered as a theory that relates to the safekeeping of an economy's reserves in the form of gold. This is because gold is considered as one of the most stable commodities in the world.
Owing to the gold standard theory, gold acts as a standard measure of value. Countries around the world have an aim to achieve self-sufficiency in their economies, and most countries in the world have an aim to maximum proportion of their wealth in the form of gold.
Therefore, the option B holds true and states regarding the significance of the Gold Standard theory.
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