The Gold Standard Was the Major System of Exchange Rate

question 167

Multiple Choice

The gold standard was the major system of exchange rate determination

• A) prior to 1785.
• B) before 1914.
• C) following World War II.
• D) until 1971.

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Definitions:

Non-controlling Interest

An interest in a corporation that is not held by the parent company, representing the share of equity owned by minority shareholders in the subsidiaries of a consolidated group.

Gross Profit

A company's revenue minus its cost of goods sold, reflecting the initial profit figure before deducting operating expenses, interest, and taxes.

Non-controlling Interest

A share in a subsidiary company not owned by the parent company, indicating the portion of equity interest that is not directly controlled by the parent company.

Marketable Securities

Financial instruments that can be quickly converted into cash at a market price, such as stocks, bonds, or Treasury bills.