Which of the Following Is a Great Strength Claimed for the Gold

question 60

Multiple Choice

Which of the following is a great strength claimed for the gold standard?

• A)It helped establish the dollar as a predominant vehicle currency.
• B)It helped governments raise foreign exchange reserves thereby increasing economic stability.
• C)It contained a mechanism for achieving balance-of-trade equilibrium by all countries.
• D)It helped reduce inflation to near-zero levels in all countries engaged in international trade.

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Definitions:

State Government

The governing body of a state in a federal system, responsible for local legislation, administration, and execution of state laws.

Swimming

The act of propelling oneself through water using the limbs, often considered both a recreational activity and a competitive sport.

Federal Government

A system of government where powers are divided between a national (federal) government and local (state or provincial) governments.

FIFRA

Stands for the Federal Insecticide, Fungicide, and Rodenticide Act, a U.S. law that regulates the distribution, sale, and use of pesticides.