If Gold Is Being Used for Money, an Increase in the Supply

question 112

Multiple Choice

If gold is being used for money, an increase in the supply of gold will cause

• A)a decrease in the money supply.
• B)the price of all other goods to fall.
• C)the price of gold to increase.
• D)an increase in the price of all other goods.
• E)nothing to happen to inflation.

---

Definitions:

Inventory Turnover Ratio

A financial metric that indicates how many times a company's inventory is sold and replaced over a certain period, reflecting the efficiency of inventory management.

Cost Of Goods Sold

An accounting term representing the direct expenses related to the production of goods sold by a company, including material and labor costs.

Inventory

The total amount of goods or materials a business has in stock at any given time, used for production or sales.

Accounting Information

It refers to financial data about a business or individual's economic activities, used to make economic decisions.