Which of the following is not a condition of the international gold standard?
A) A nation must be willing to accept very wide fluctuations in its exchange rate.
B) A nation must allow gold to be freely exported and imported.
C) A nation must be willing to convert gold into paper money and vice versa at a stipulated rate.
D) A nation must define its monetary unit in terms of a certain quantity of gold.
Correct Answer:
Verified
Q142: U.S. imports
A) increase the foreign demand for
Q146: U.S. exports create a
A) supply of foreign
Q147: U.S. businesses are demanders of foreign currencies
Q148: The purchase of a British Rolls-Royce by
Q155: French and German farmers wanting to buy
Q169: The Bretton Woods system of exchange rates
A)is
Q170: Under an international gold standard,
A)a nation sacrifices
Q173: U.S. exports represent two flows,
A)an outflow of
Q174: The basis for the Bretton Woods international
Q176: ![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents