Under a Gold Standard

question 167

Multiple Choice

Under a gold standard,

• A)with a balance of payments deficit, interest rates would fall and attract foreign capital.
• B)a deficit in the balance of payments increased a nation's money supply automatically.
• C)all currencies were defined in terms of gold.
• D)when a nation had a deficit in its balance of payments, more gold was flowing in than was flowing out.
• E)All of the above are correct.

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Definitions:

National Culture

The set of values, beliefs, behaviors, customs, and attitudes that characterize a society or country.

Societal Norms

The rules, behaviors, and standards considered acceptable and normal within a society or community.

Organizational Culture

The shared beliefs, values, norms, and practices that guide the behavior of individuals within an organization.

Across Cultures Competency

The ability to effectively understand, communicate, and interact with individuals from different cultural backgrounds.