One Feature of the Gold Standard Was That

question 136

Multiple Choice

One feature of the gold standard was that:

• A)countries had almost complete control over their own monetary policies.
• B)a surplus of gold caused the money supply to decrease.
• C)slow gold production led to deflation.
• D)exchange rates were highly unstable.
• E)each currency was worth the same as other currencies.

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Definitions:

Projects

Specific tasks or endeavors undertaken by individuals or organizations to achieve particular goals, often involving a series of planned actions or steps.

Payback

Payback period refers to the time it takes for an investment to generate enough cash flow to recover its initial cost.

Profitability Index

is a capital budgeting tool that measures the relationship between the present value of cash flows and the initial investment, indicating the value created per dollar invested.

Discount Rate

The interest rate used to discount future cash flows of a financial instrument to their present value, determining the potential investment's value.