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.

---

Definitions:

Guests

Individuals who receive services or hospitality, often in contexts such as hotels, restaurants, or events.

Billafuerte Jeep Tours

A hypothetical or specific company offering guided jeep tours in the Billafuerte region.

Cost Drivers

Factors that cause fluctuations in the cost of a product or service, such as machine-hours, labor-hours, or the quantity of materials used.

Planning Budget

A budget prepared for a future period that outlines an organization's financial goals, resources, and expenditures.