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:

Cultural Characteristic

A feature that typifies a particular culture, including values, behaviors, and practices shared by a group of people.

Tightness

In cultural psychology, the degree to which a culture restricts or regulates behaviors, with strict norms and intolerance for deviation.

Affective Forecasting

The process by which individuals predict their future emotional states or reactions to events.

Positive Events

Occurrences or experiences that contribute to one's happiness, well-being, or positive emotional state.