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:

Cultural Background

The cultural environment in which a person was raised or identifies with, including beliefs, customs, languages, and experiences.

Somatic Complaints

Physical symptoms that may not have a discernible physical cause, often believed to be linked to psychological factors, including pain, fatigue, and discomfort.

Negative Way

A term not specific to a field; generally refers to a manner or approach that is not constructive or beneficial.

Irrational Thoughts

Thoughts that are not based on reality or logical reasoning, often negative and self-defeating.