Which of the Following Is a Reason for the Emergence

question 95

Multiple Choice

Which of the following is a reason for the emergence of the gold standard?

• A)Expansion in the volume of international trade due to the Industrial Revolution
• B)Inability of governments to convert gold into paper currency on demand at a fixed rate
• C)Widening gap between the developed and the developing nations
• D)Failure of the Bretton Woods fixed exchange rate system
• E)Failure of the U.S. dollar to act as a reference currency

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Definitions:

Stock Ownership

Holding shares in a company, which represent a portion of the company's capital and give certain rights to the shareholder.

Voting Rights

The ability of shareholders to vote on corporate matters, such as the election of the board of directors.

Management Control

Refers to the processes, policies, and procedures that are put in place by an organization's management to ensure that its goals and objectives are achieved efficiently and effectively.

Unethical Behaviour

Actions or practices that breach moral or professional conduct codes.