Which of the Following Was a Reason That Led to the Collapse

question 17

Multiple Choice

Which of the following was a reason that led to the collapse of the gold standard in 1939?

• A)difficulty and complexity in using the gold standard to determine the exchange rate
• B)agreement by governments to convert paper currency into gold on demand at a fixed rate
• C)cycle of competitive currency devaluations by various countries
• D)expansion in the volume of international trade in the wake of the Industrial Revolution
• E)inability of the gold standard to act as a mechanism for achieving balance-of-trade equilibrium by all countries

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Definitions:

Mental Age

A measure of an individual's mental attainment based on the average age at which normal individuals achieve a particular score on a test of intelligence or cognitive ability.

Binet-Simon Scale

An early psychological test designed to evaluate intelligence by measuring various cognitive abilities, including memory, attention, and problem-solving skills.

Chronological Age

Refers to the actual age of a person as measured in years from the date of their birth to the current date.

Chronological Age (CA)

A person’s age.