If, Under the Gold Standard, the Par Value of the Swiss

question 19

Multiple Choice

If, under the gold standard, the par value of the Swiss franc in terms of the dollar is $0) 80, and if it costs $0.01 to move one franc's worth of gold between the countries, then The "gold export point" from the United States is at __________, and the "gold import
Point" into the United States is at __________.

• A) $0.80 = 1 Swiss franc; $0.80 = 1 Swiss franc
• B) $0.79 = 1 Swiss franc; $0.81 = 1 Swiss franc
• C) $0.81 = 1 Swiss franc; $0.79 = 1 Swiss franc
• D) $0.82 = 1 Swiss franc; $0.78 = 1 Swiss franc

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Definitions:

Electronic Chattel Paper

A digital form of chattel paper, which includes any record or evidence of an obligation and a security interest in specific goods.

Security Interest

A financial interest in a piece of property, granted to a creditor, ensuring claim to the property should the debtor default on their obligation.

Automatic Perfection

A legal condition in which a security interest in a collateral automatically becomes effective without the need for any further action, under certain conditions, once it attaches.

Principal Debtor

The main individual or entity obligated to repay a debt on which a security may be claimed.