Under a Gold Standard,if a Country Exported More Than It

question 52

Multiple Choice

Under a gold standard,if a country exported more than it imported,its gold supply would

• A) rise and its price level would fall.
• B) fall and its price level would rise.
• C) rise and so would its price level.
• D) fall and so would its price level.
• E) fall but its price level would remain unchanged.

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Definitions:

Future Value Factor

A formula used to determine the future value of an investment based on its current value and rate of return.

Annuity

A fiscal instrument providing a constant flow of payments to a person, mainly serving as a source of income for individuals in retirement.

Periods

Intervals of time into which financial or operational activities are divided for reporting, planning, or analysis purposes.

Future Value

The value of an investment or sum of money at a specified date in the future, taking into account interest or capital gains.