What Factor Undermined the Gold Standard Immediately Following World War

question 33

Multiple Choice

What factor undermined the gold standard immediately following World War I?

• A)Significant number of countries had to print more currency in order to finance the war effort
• B)President Wilson took the United States off the gold standard because of unsustainable deficits
• C)The war severely strengthened Britain's financial position
• D)The continuous discovery of vast amounts of new gold that helped the economy grow

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Definitions:

Accounting Equation

The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Shareholder's Equity.

Office Equipment

Items purchased for use in conducting business operations, including computers, desks, and chairs.

Ownner's Equity

The portion of a company's assets that belongs to the owners or shareholders after liabilities are subtracted; also known as shareholder's equity.

Total Liabilities

The combined amount of obligations a company owes to external parties, including loans, accounts payable, mortgages, and other debts due within one year or beyond.