The International Monetary System in Which Nations Linked the Value

question 75

Multiple Choice

The international monetary system in which nations linked the value of their paper currencies to specific values of gold is referred to as the ________.

• A) bartered system
• B) floating exchange-rate system
• C) gold standard
• D) managed float system

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Definitions:

Reverse Causality

A situation where it is unclear whether A causes B or B causes A, challenging assumptions about cause and effect relationships.

Construct Validity

The extent to which a test or tool accurately measures what it is intended to measure, and the degree to which it can be said to truly assess the theoretical construct it purports to measure.

Social Psychologists

Scientists or researchers who study how an individual's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

External Validity

The extent to which the results of a study can be generalized to and across other situations, people, settings, and time periods.