Sir Isaac Newton Put England on the Gold Standard When

question 62

Multiple Choice

Sir Isaac Newton put England on the gold standard when he:

• A) declared, as master of the English mint, that he would sell gold for 1 pound, 1 shilling, 1 pence, under the law of one price.
• B) set a market price for gold, the British pound and the U.S. dollar.
• C) established a fixed equivalency between gold and the British currency.
• D) brought the matter to Queen Anne, who declared Britain would follow the gold standard.

---

Definitions:

Facilities

Physical locations and infrastructures where business operations are conducted, such as factories, warehouses, and offices.

Commoditized Products

Goods that are interchangeable with others of the same type because there is little differentiation in quality or features among producers.

One-Stop Shop

A business or service that offers a wide array of products or services, allowing customers to fulfill all their needs in one place.

Distribution Network

The interconnected group of storage facilities and transportation systems that move goods from producers to consumers.