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:

Perceptual Process

The sequence of steps that includes the receipt, organization, and interpretation of stimulants from the environment through our senses.

First Impression

The initial judgment or perception one forms about another person or situation, based typically on very limited information.

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing, often based on limited or superficial information.

Perception Components

The elements that contribute to the process of interpreting and understanding sensory information, including selection, organization, and interpretation.