Which of the Following Statements Is True of the Gold

question 3

Multiple Choice

Which of the following statements is true of the Gold standard?

• A) Gold standard was adopted only by the smaller nations of the world.
• B) Currencies were pegged to gold under the gold standard.
• C) Convertibility to gold was not guaranteed under the gold standard.
• D) Gold standard was not helpful in maintaining balance-of-trade equilibrium.

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Definitions:

Loading Effect

The impact on a circuit when a measurement device or an additional component is connected, altering the circuit's original behavior.

Impedance

A measurement of the resistance to the flow of alternating current (AC), encompassing both resistance and reactance.

Ohmmeter

An instrument for measuring electrical resistance, which is a fundamental property that quantifies how strongly a material opposes the flow of electric current.

Ammeter

An instrument used to measure the current in a circuit, usually in amperes.