The Gold Standard's "Rules of the Game" Required Central Bankers

question 24

True/False

The gold standard's "rules of the game" required central bankers in a surplus country to initiate contractionary monetary policies which lead to higher interest rates and net investment inflows.

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Definitions:

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.

Stanford-Binet

A standardized test that measures intelligence and cognitive abilities in children and adults, based on the work of Alfred Binet and later refined at Stanford University.

IQ

An abbreviation for Intelligence Quotient, a score derived from standardized assessments designed to measure human intelligence and cognitive abilities.

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A self-confirming concern that one will be evaluated based on a negative stereotype.