After the Collapse of the Soviet Union

question 37

Multiple Choice

After the collapse of the Soviet Union,

• A) NATO disbanded.
• B) communism continued to dominate Eastern Europe.
• C) the Warsaw Pact was strengthened.
• D) the number of independent states in Europe increased.
• E) the influence of the European Union dwindled to nearly nothing.

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Definitions:

International Gold Standard

A monetary system in which countries tie the value of their currencies to a specific amount of gold, facilitating stable exchange rates and international trade.

Balance of Payments

A log detailing all financial interactions between a country's inhabitants and other global entities over a specific timeframe.

International Gold Standard

A monetary system in which the value of a country's currency is directly linked to a specific amount of gold, facilitating stable exchange rates and international trade.

Monetary Unit

The standard unit of value of a currency, used as a medium of exchange within an economy.