For a Country to Be on a "Gold Standard," It

question 48

Multiple Choice

For a country to be on a "gold standard," it must

• A)use gold coins as money.
• B)use gold coins as money and promise never to debase its coins.
• C)use gold as money,but not necessarily in the form of gold coins.
• D)make its currency convertible into gold at a fixed rate of exchange.
• E)use gold as fiat money.

---

Definitions:

Alan Hodgkin

A British physiologist who, alongside Andrew Huxley, described the ionic mechanisms that underlie the generation of the action potential in neurons.

Andrew Huxley

A British physiologist and biophysicist awarded the Nobel Prize for his work on the nerve impulse and muscle contraction.

Nobel Prize

Prestigious international awards given annually in several categories including Physics, Chemistry, Medicine, Literature, and Peace, recognizing significant achievements.

Motor Neurons

Motor neurons are nerve cells responsible for conveying signals from the brain and spinal cord to muscles, instructing them to contract and thus enabling movement.