Which of the Following Is Not a Condition of the International

question 293

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:

Employers

Organizations or individuals that hire and pay people to perform jobs or services.

Psychological Trait

A characteristic way of thinking, feeling, or behaving that is relatively stable over time and across situations.

Construct Validity

The extent to which a test or instrument accurately measures the theoretical construct it is intended to measure.

Foreign Currency Valuations

The process of determining the value of one currency in terms of another currency.