Each of the following is a requirement of a gold standard except
A) a nation defines its currency in terms of gold.
B) a nation's money supply is made up of gold or gold certificates.
C) a nation must maintain a fixed ratio between its gold stock and its money supply.
D) there must be no barriers to the free flow of gold into and out of the country.
Correct Answer:
Verified
Q11: Which statement is false?
A)Foreigners have reinvested most
Q12: Our basic problem with respect to our
Q13: Which statement is true?
A)In both the 19th
Q14: As the dollar is devaluated
A)inflationary pressures are
Q15: Which statement is true?
A)Foreigners are holding over
Q17: We began running consecutive annual trade deficits
A)before
Q18: Which statement is false?
A)Trade is the largest
Q19: Which statement is false?
A)Foreigners own a much
Q20: The main reason for our balance of
Q21: A reduction in the price of the
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