Which Statement Is False

question 208

Multiple Choice

Which statement is false?

• A)Trade is the largest part of our international financial transactions.
• B)Our capital account ran a surplus in 2009.
• C)We have been on an international gold standard since 1933.
• D)None of the statements is false.

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Definitions:

Thomas Hutchinson

A British government official and historian, he was a leading figure in Massachusetts during the colonial period, known for his pro-British stances leading up to the American Revolution.

Economic Possession

Refers to the ownership or control over assets and resources that have economic value, including land, capital, and commodities.

Confederation of Equals

A theoretical or ideal organization or alliance where all members or parties have equal status and power.

Seven Years' War

An international war waged from 1756 to 1763 that engaged the majority of the era's major powers, impacting regions including Europe, North America, Central America, the West African coast, India, and the Philippines.