Which of the Following Statements Is NOT True

question 26

Multiple Choice

Which of the following statements is NOT true?

• A) The Gold Standard Era was characterized by growing openness in trade, but limited capital mobility.
• B) The time period between world wars 1 and 2 (the inter war years) witnessed significant reductions in trade barriers and a rapid acceleration in international trade.
• C) The Bretton Woods Era (post WWII) realized the increasing benefits of open economies. Furthermore, trade was increasingly dominated by capital.
• D) Since March 1973, exchange rates have become much more volatile and less predictable than previous periods.

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Definitions:

Expected Value

The expected value is a statistical concept representing the average of all possible outcomes of a random variable, weighted by their probabilities.

Random Variable

A variable that can take on numerical results as outcomes of a random event.

Poisson Probability Distribution

A statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space.

Continuous Probability

Describes the likelihood of outcomes in situations where the range of possible values is an interval, allowing for any value within the range.