According to the "Rules of the Game" of the Gold

question 31

Multiple Choice

According to the "rules of the game" of the gold standard era,a country's central bank agreed to react to international gold flows so as to:

• A) Officially devalue a currency during eras of payments surpluses
• B) Officially revalue a currency during eras of payments deficits
• C) Offset the automatic-adjustment mechanism (e.g.,prices)
• D) Reinforce the automatic-adjustment mechanism

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Definitions:

Benefit Someone

To provide advantage or positive outcomes to an individual or group, improving their condition or situation.

Prosocial Behaviour

Voluntary actions that are intended to help or benefit another individual or group of individuals.

Religious Principles

Fundamental beliefs, morals, and ethical codes that are guided by religious teachings and faith.

Psychological Wellbeing

A state encompassing the presence of positive emotions, the absence of negative emotions, personal fulfillment, and satisfaction with life.