The Reintroduction of the Gold Standard Was Intended to Accomplish

question 35

Multiple Choice

The reintroduction of the gold standard was intended to accomplish two objectives:

• A)make the work of the IMF possible and stabilize currency values.
• B)make currencies freely convertible into other currencies and stabilize currency values.
• C)create the IMF and make it possible for Germany to pay war reparations.
• D)allow European countries to finance rebuilding after World War II and stabilize currency values.

---

Definitions:

Bond Payable

A long-term debt instrument issued by a company, promising to pay the holder a specified amount of interest over a set period and to repay the principal on the bond's maturity date.

Long-Term

Referring to assets, liabilities, or investments that are expected to be held or mature in more than one year.

Interest-Bearing Note

A promissory note that comes with the agreement to pay the holder a fixed amount of interest over a specified period until the principal amount is repaid.