Which of the Following Was an Effect of U

question 54

Multiple Choice

Which of the following was an effect of U.S.President Richard Nixon's decision to take the dollar off the gold standard?

• A) The Japanese yen gained strength in currency markets,with a corresponding decline in the value of the Swiss franc.
• B) Nation-states such as Italy and Britain tied their currencies to the U.S.dollar.
• C) Second World nations found it harder to get loans from First World banks.
• D) International financial institutions escaped the control of national political authorities.

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Definitions:

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter with a certain degree of confidence.

Confidence Interval

A range of values, derived from the sample data, within which the population parameter is expected to lie, with a specified level of confidence.

Blood Donors

Individuals who voluntarily have their blood drawn for the purposes of transfusion, research, or donation.

Large-Sample Z

A statistical test used to infer the population mean from a sample mean when the sample size is large, typically using the Z-distribution.