Which of the Following Was an Advantage of the Gold

question 77

Multiple Choice

Which of the following was an advantage of the gold standard?

• A)It retained trade imbalances.
• B)It abolished monetary policies on all countries.
• C)It reduced the risk in exchange rates.
• D)It increased exchange-rate fluctuations.

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Definitions:

Back Of A Check

The rear face of a check where endorsements are made, including the signature of the recipient, necessary for the check to be cashed or deposited.

Endorsement

The payee’s signature on the back of a check. It is a transfer of title on the check to the bank in exchange for the amount of money on the face of the check.

Record Of A Deposit

Documentation that confirms the placement of money or other valuable goods into a bank account or safekeeping.

Deposit Slip

A paper that goes with a bank deposit, listing the cash and/or checks amount being put into the bank.