Which of the Following Events Brought an End to the Gold

question 7

Multiple Choice

Which of the following events brought an end to the gold standard?

• A)Industrial Revolution, as the value of gold in Europe has decreased as there was more gold than currency.
• B)World War I, as borrowing needs of European governments increased greatly and there was not enough gold to fully back up all of the currency governments created.
• C)1926 general strike, as the value of gold in Europe has decreased as there was more gold than currency.
• D)World War II, as borrowing needs of European governments increased greatly and there was not enough gold to fully back up all of the currency governments created.

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Definitions:

Logical

Pertaining to the formal principles of reasoning, characterized by clear and consistent thought processes guided by rules of valid inference.

Intuitive

Pertaining to using or based on what one feels to be true even without conscious reasoning; instinctive.

Programmed Decisions

Decision-making processes that are routine and repetitive, often automated or guided by established policies and procedures.

"If-then" Decision Rules

Logical constructs used in decision-making that trigger specific actions if certain conditions are met.