The Major Problem of a Currency That Is Fractionally Backed

question 87

Multiple Choice

The major problem of a currency that is fractionally backed and convertible into a precious metal is that of

• A)clipping,which debases the metal coins.
• B)counterfeiting.
• C)maintaining its convertability into the metal.
• D)paper money being less durable than gold.
• E)perennial shortages of paper currency.

Understand how to indicate the end of a linked list in Java.

Understand the structure and properties of special nodes in trees and linked lists.

Learn the basics of hashing and its purpose in data structures.

Understand the basis and processes of speciation, including the role of geographic and reproductive isolation.

---

Definitions:

Purchasing Power Parity

An economic theory that estimates the amount of adjustment needed on the exchange rate between countries so that an exchange is equivalent to each currency's purchasing power.

Eurobond

A bond issued in a currency other than the home currency of the country or market in which it is issued, often not subject to the regulations of a single country.

International Bond

A bond issued in a country by a non-domestic entity, often in a currency other than that of the issuer's country.

Purchasing Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach to determine the relative value of currencies.