________ Was the First Nation to Implement the Gold Standard

question 99

Multiple Choice

________ was the first nation to implement the gold standard in the early 1700s.

• A) The United States
• B) Britain
• C) France
• D) Japan

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Definitions:

Retained Earnings

The portion of net profits not distributed to shareholders but reinvested in the business or kept as reserve.

Net Income

The profit a company retains after deducting every expense, tax, and cost from its total income.

Equity Method

An accounting technique used for recording investments in associate companies, where the investment is initially recorded at cost and subsequently adjusted for the investor's share of the investee's net income or loss and dividend received.

Private Companies

Businesses whose shares are not traded publicly on stock exchanges and are typically owned by the company's founders, management, or a group of private investors.