Which of the Following Was a Reason That Led to the Collapse

question 78

Multiple Choice

Which of the following was a reason that led to the collapse of the gold standard in 1939?

• A)Difficulty and complexity in using the gold standard to determine the exchange rate
• B)Agreement by governments to convert paper currency into gold on demand at a fixed rate
• C)A cycle of competitive currency devaluations by various countries
• D)Expansion in the volume of international trade in the wake of the Industrial Revolution
• E)The inability of the gold standard to act as a mechanism for achieving balance-of-trade equilibrium by all countries

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Definitions:

Normal Time

The amount of time typically required to complete a task or process under standard conditions, often used in planning and scheduling.

Standard Time

The amount of time allowed for the completion of a job or task based on average speed under normal conditions.

Variable Allowance

An adjustment in cost or time estimates to accommodate changes or variations that may occur in project planning or execution.

Allowance Factor

A factor or percentage added to an estimate to account for uncertain conditions, providing a margin for error or unforeseen costs.