The Advantages Claimed for a Bimetallic Standard Were Not Gained

question 69

Multiple Choice

The advantages claimed for a bimetallic standard were not gained in actual practice because

• A) one of the metals disappeared from circulation because the mint and market ratios were not the same
• B) the supply of gold was inadequate
• C) the supply of silver and gold was not balanced among the nations that were on a bimetallic standard
• D) The U.S. went to war

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Definitions:

Sample Size

The number of observations or data points collected in a study or used in a statistical sample.

Standard Error

A statistical measure of the precision for a series of measurements or the estimate of the standard deviation of the sampling distribution of a statistic.

Population Standard Deviation

A measure of the dispersion or variance in a population dataset, indicating how spread out the data points are from the population mean.

Sample Size

The number of observations or units included in a sample taken from a population for the purpose of statistical analysis.