Under a Gold Standard in Which One Dollar Could Be

question 30

Multiple Choice

Under a gold standard in which one dollar could be turned in to the U.S.Treasury and exchanged for 1/20th of an ounce of gold and one German mark could be exchanged for 1/100th of an ounce of gold,an exchange rate of ________ marks to the dollar would stimulate a flow of gold from the United States to Germany.

• A) 7
• B) 6
• C) 5
• D) 4

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Definitions:

NCE Type Scores

NCE Type Scores, or Normal Curve Equivalent scores, are standardized test scores that range from 1 to 99, representing a test taker's position relative to a norming group on a normal curve.

Internal Consistency

A measure of the reliability of a test or scale; assessing if various items that propose to measure the same general construct produce similar scores.

Licensure Exam

A licensure exam is a standardized test that individuals must pass to receive a professional license in a specific field or occupation.

Mean

A statistical measure that represents the average value of a set of numbers, calculated by dividing the sum of all values by the number of values.