Which of the Following Describes the World's Experience with the Gold

question 33

Multiple Choice

Which of the following describes the world's experience with the gold standard since the nineteenth century?

• A) Prior to World War I, it was unfavorable because of the flexibility of exchange rates.
• B) After World War I, differences among nations in their rates of inflation caused a gold exchange standard to be established in the 1920s.
• C) Downward inflexibility of wages and prices invalidated the Hume adjustment mechanism after World War I.
• D) For the most part, it worked well until after World War II, when the International Monetary Fund was established.
• E) The gold and gold exchange standards worked well until the early 1980s when gold skyrocketed and nations had to adopt flexible exchange rates.

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Learn about the history and impact of subliminal messaging and its effectiveness.

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Definitions:

Glans

An anatomical term for the rounded head or tip of certain organs, like the penis or clitoris, often covered by foreskin in males.

Prostate-Specific Antigen

Prostate-Specific Antigen is a protein produced by the prostate gland, elevated levels of which can indicate prostate cancer or other prostate-related conditions.

Penetration

The process whereby something passes through or enters something else, often used in various scientific fields to describe the breaking through of barrier layers.

Nutrition

The process by which living organisms obtain food or nutrients, digest them, and use them for growth, reproduction, and maintaining health.