One Feature of the Gold Standard Was That

question 208

Multiple Choice

One feature of the gold standard was that

• A)countries had almost complete control over their own monetary policies
• B)surplus could cause the money supply to decrease
• C)slow gold production could lead to deflation
• D)exchange rates were unstable
• E)each currency was worth the same as other currencies

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Definitions:

Tied Values

Occur when two or more entities in a dataset have the same value on a particular measure.

Ranks

The ordinal positions of values in a dataset, arranged in ascending or descending order.

Kruskal-Wallis Test

A nonparametric statistical test used to compare three or more independent groups of sampled data to determine if there is a difference in their medians.

Random Samples

A subset of a statistical population in which each member of the subset has an equal probability of being chosen, fundamental for unbiased statistical analysis.