Gold Par Value Refers to the ____

question 68

Multiple Choice

Gold par value refers to the ____.

• A) ratio of price of gold in a currency to price of gold in U.S. dollars
• B) amount of a currency needed to purchase one ounce of gold
• C) ratio of price of gold in a currency to price of gold in euros
• D) amount of gold required to equal the reference currency that a nation is using

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Definitions:

Scientific Method

Systematic method of obtaining and evaluating information relevant to a problem.

Variable

Measurable factor or characteristic that can vary within an individual, between individuals, or both.

Dependent Variable

In experimental and statistical research, the variable being tested and measured, which is expected to change as a result of manipulations to the independent variable.

Hypothesis

Testable statement about two or more variables and the relationship between them.