The Gold Standard ______

question 4

Multiple Choice

The Gold Standard ______.

• A) failed because it sparked massive hyperinflation in the postwar German economy
• B) while tremendously stable for international prices, was eventually deemed ineffective and detrimental to market stability because of newly independent colonies' ability to build wealth through mining
• C) is similar to today's system in which exchange rates of the world's currencies generally float, meaning the value of currencies goes up and down according to the world's demand for gold
• D) allowed, in the participating major economies, for the exchange of currencies based on their value in relation to a specific amount of gold

---

Definitions:

Leader

An individual who influences and guides others towards achieving a common goal, often demonstrating qualities such as vision, courage, and integrity.

Personal Traits

Characteristics or qualities that form an individual's distinctive character and influence their behavior and interactions.

Self-confidence

Assurance in one's own abilities, qualities, and judgment.

Cognitive Ability

The capacity of an individual to perform the various mental activities most closely associated with learning and problem solving.