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:

Internal Locus

A psychological term referring to individuals who believe they can influence their life events and outcomes through their own efforts.

High Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, self-discipline, and the ability to regulate oneself effectively.

Self-efficacy

The belief in one's own ability to execute behaviors necessary to produce specific performance attainments.

Previous Performance

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