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.

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Definitions:

Office Equipment

Tangible items such as computers, desks, and chairs used to facilitate operations in a corporate office setting.

Land

A natural resource not man-made, referring to the earth's surface extending downward to the center of the earth and upward to infinity, including permanently attached natural objects.

Purchase Price

The amount of money that is paid to acquire a good, service, or asset.

New Business Site

The location chosen for establishing a new branch, office, or manufacturing facility of a company.