Most Countries Abandoned Convertibility and the Gold Standard in 1931

question 101

Multiple Choice

Most countries abandoned convertibility and the gold standard in 1931 because:

• A) there was a sharp decline in the amount of gold mined
• B) the Bretton Woods Agreement was signed
• C) of the cycle of devaluations resulting from the Great Depression
• D) of the collapse of the Weimar Republic and the rise of Germany
• E) of the preference for a managed float system

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, triggers a conditioned response.

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly presented alongside an unconditioned stimulus.

Permanent Change

An alteration or transformation that is lasting and not reversible over time.

Nerve Fiber Patterns

The arrangement or distribution of nerve fibers within a specific area of the nervous system.