Under the gold standard, which of the following statements was false?
A) Exchange rates did not change for long periods of time.
B) Businesses could trade and invest with little fear of exchange rate changes.
C) The price of each currency in terms of gold was fixed.
D) Inflation was not a serious problem.
E) Inflation was a serious economic problem.
Correct Answer:
Verified
Q6: If a country were operating under a
Q7: Assume that a country is operating with
Q8: The U.S. had no central bank from
Q9: The major cost of a gold standard
Q10: The gold standard:
A) allowed for independent monetary
Q12: A gold standard would tend to stabilize
Q13: The international system of fixed exchange rates
Q14: The international monetary system that was in
Q15: The gold exchange standard is best described
Q16: The Bretton Woods system:
A) allowed countries to
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