A major disadvantage of the gold standard is that
A) it tends to put inflationary pressures on the world economy.
B) it leads to much currency speculation.
C) it tends to put contractionary pressures on the world economy.
D) it leads to low interest rates.
Correct Answer:
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Q5: For most of the past century, the
Q6: Each of the following was a major
Q7: The gold standard was a _ exchange
Q8: If the U.S. dollar was defined as
Q9: If the U.S. dollar was defined as
Q11: Under a floating exchange rate system,
A) a
Q12: Under a gold standard,
A) a country's net
Q13: Under a gold standard, if a country's
A)
Q14: Under a gold standard, if a country's
A)
Q15: Each of the following is a possible
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