Under the Gold Standard, _____

question 94

Multiple Choice

Under the gold standard, _____

• A) the U.S. dollar could be redeemed at the U.S. Treasury for one-twentieth of an ounce of gold.
• B) the U.S. dollar could be redeemed at the U.S. Treasury for one-half of an ounce of gold.
• C) the British pound could be redeemed at the British Exchequer for one-fifth of an ounce of gold.
• D) the British pound could be redeemed at the British Exchequer for one-tenth of an ounce of gold.
• E) all international transactions were financed with gold.

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Definitions:

Attractiveness

The quality of being pleasing or appealing to the senses, often used in reference to physical appearance but can also include personality characteristics.

Similarity

The state of being alike or having common features or attributes, often used in psychology to explain how people group objects.

Board Games

Games that are played with pre-marked surfaces or boards, along with pieces or counters moved across these boards.

Attracted

The experience of being drawn to or having a particular interest or affection for someone or something, often due to qualities that are appealing to the senses or emotions.