The ¬_______ Is a Way to Fix Exchange Rates by Defining

question 19

Multiple Choice

The ¬_______ is a way to fix exchange rates by defining each participating currency in terms of gold and allowing holders of each participating currency to convert that currency into gold.

• A)gold standard
• B)silver standard
• C)bronze standard
• D)none of these

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Definitions:

Lithosphere

The rigid outer layer of the earth, including the crust and upper mantle, which is divided into tectonic plates.

Biosphere

The global sum of all ecosystems, including all living organisms and their relationships to each other and to their environments.

Groundwater

Water that occurs in the pores, fractures, and cavities in the subsurface.

Ocean Currents

Systems of surface and subsurface currents that circulate throughout the ocean, driven by factors such as wind, temperature, salinity, and the Earth's rotation.