Which of the following is not a characteristic of a gold standard?
A) Currency convertibility into gold
B) Exchange rate stability
C) Unlimited international gold flows
D) Discretionary or activist monetary policy
Correct Answer:
Verified
Q145: Under the gold standard, if a country
Q146: In theory, partially-flexible exchange rates:
A)require a very
Q147: Partially-flexible exchange rates are:
A)superior to both fixed
Q148: The formation of the European Monetary Union:
A)reduced
Q149: Fixed exchange rates:
A)do not restrict exchange rate
Q151: Partially-flexible exchange rates:
A)provide governments with a more
Q152: If the euro becomes an international reserve
Q153: Countries are unlikely to maintain fixed exchange
Q154: Which of the following is a disadvantage
Q155: Flexible exchange rates:
A)give governments a greater degree
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