Under the Gold Standard,every Central Bank Needed to Maintain Gold

question 2

True/False

Under the gold standard,every central bank needed to maintain gold reserves in order to be able to redeem its currency in gold at a fixed price.

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Definitions:

Absolute Refractory

The absolute refractory period is a time during which a nerve or muscle is incapable of responding to stimulation, immediately following an action potential.

Action Potentials

Rapid, short-lasting events where the electrical membrane potential of a cell rapidly rises and falls, typical in neurons and muscle cells during signal transmission.

Period

A length or span of time; in grammar, it is a punctuation mark used to denote the end of a sentence.

Neurotransmitters

Chemical substances in the nervous system that transmit signals across a synapse from one neuron to another.