Under a Gold Standard, a Balance of Payments Surplus Automatically

question 178

Multiple Choice

Under a gold standard, a balance of payments surplus automatically

• A)raised interest rates.
• B)increased exports.
• C)increased domestic prices.
• D)decreased imports.

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Definitions:

Mid 18th Century

A period ranging approximately from 1740 to 1760, marked by significant historical and cultural developments.

Restrictions

Limitations or controls imposed on activities, freedoms, or operations, often set by laws, regulations, or policies to manage or govern behavior.

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Pertaining to the United Kingdom or its people, culture, and traditions, including elements related to England, Scotland, Wales, and Northern Ireland.

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Individuals who settle in a new land or territory but maintain affiliations with their country of origin, often establishing colonies.