Which of the Following Is a Reason Why Nations Began

question 41

Multiple Choice

Which of the following is a reason why nations began abandoning the gold standard in the 1930s?

• A) World supply of gold dropped drastically in the 1930s, severely limiting a country's ability to increase its money supply.
• B) Imbalances in a country's balance of payments can be corrected only through changes in the entire economy.
• C) In order to correct imbalances in its balance of payments, a country was forced on its trading partners to intervene in currency markets.
• D) Some nations started hoarding gold in order to manipulate relative exchange rates.

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Definitions:

Extraversion

A personality trait characterized by outgoingness, high energy, and positive affectivity, indicating a person’s tendency to seek stimulation and enjoy the company of others.

Middle Manager

A managerial position that involves overseeing junior managers while being responsible to senior managers, typically involving the management of operational-level activities.

Introversion

A personality trait signified by a focus on internal feelings rather than external sources of stimulation.

Agreeableness

A characteristic showcasing friendliness, benevolence, and a willingness to work together.