Under a Gold Standard in Which One Dollar Could Be

question 59

Multiple Choice

Under a gold standard in which one dollar could be turned in to the Bank of Canada 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 Canada to Germany.

• A) 7
• B) 6
• C) 5
• D) 4

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Definitions:

Con-man

A person who deceives others by lying or tricking them, often to gain money or advantage.

Remorse

A deep feeling of regret or guilt for a wrong committed.

Anorexia Nervosa

An eating disorder characterized by an obsessive fear of gaining weight and a refusal to maintain a healthy body weight.

Impulsive

Acting on spontaneous desires and feelings without considering the consequences or the appropriateness of the action.