Which of the Following Statements Is True of the Gold

question 6

Multiple Choice

Which of the following statements is true of the gold standard?

• A) Gold standard was adopted only by the smaller nations of the world.
• B) Currencies were pegged to gold under the gold standard.
• C) Convertibility to gold was not guaranteed under the gold standard.
• D) Gold standard was not helpful in maintaining balance-of-trade equilibrium.

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Definitions:

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Generalizable

The extent to which findings or conclusions from a study can be applied to larger populations or different contexts outside of the original study setting.

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The degree to which a study convincingly demonstrates a cause-and-effect relationship between variables, free from confounding factors.

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