What caused some countries to switch from the gold standard to the "sterling area" in 1931?
A. The British pound sterling had become more valuable than gold.
B. The Bank of England allowed the pound to float rather than be pegged to gold.
C. An economic conference in Genoa concluded that a sterling standard should be used.
D. Several countries increased the values of their currency in the international market.
E. None of the above
Answer: B