Which of the Following Is Not a Condition of the International

question 165

Multiple Choice

Which of the following is not a condition of the international gold standard?

• A) A nation must be willing to accept very wide fluctuations in its exchange rate.
• B) A nation must allow gold to be freely exported and imported.
• C) A nation must be willing to convert gold into paper money and vice versa at a stipulated rate.
• D) A nation must define its monetary unit in terms of a certain quantity of gold.

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Definitions:

Standard Deviation

A statistic that measures the dispersion or variability in a dataset relative to its mean, indicating how spread out the numbers are.

Mean

The arithmetic average of a set of values, calculated by dividing the sum of these values by the number of values.

Standard Deviations

A measure of the amount of variation or dispersion of a set of values, indicating how much individual data points differ from the mean.