Which One of the Following Statements Is the MOST Accurate

question 43

Multiple Choice

Which one of the following statements is the MOST accurate?
By the year 1932, the United States

• A) and Canada alone held more than 70 percent of the world's monetary gold.
• B) and Germany alone held more than 70 percent of the world's monetary gold.
• C) and Britain alone held more than 70 percent of the world's monetary gold.
• D) Britain, and France alone held more than 70 percent of the world's monetary gold.
• E) and France alone held more than 70 percent of the world's monetary gold.

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Definitions:

Risk Averse

A description of an individual or entity that prefers to avoid risk and would choose a certain outcome over a gamble with a potentially higher, but uncertain, return.

Portfolio

A group of investment vehicles comprising stocks, bonds, commodities, as well as cash and its equivalents, together with mutual funds and ETFs.

Adverse Selection

Adverse selection refers to a situation where sellers have information that buyers do not, or vice versa, about some aspect of product quality.

Utility Function

A mathematical representation of how consumers rank different bundles of goods according to their level of satisfaction or utility.