Under the Gold Standard, All Except One of the Following

question 110

Multiple Choice

Under the gold standard, all except one of the following are true.Which is not true?

• A)Paper currency was convertible into gold at a fixed rate.
• B)A balance-of-payments deficit would result in a loss of gold.
• C)A balance-of-payments surplus would result in an inflow in gold.
• D)The money supply of any country was largely determined by flows of gold.
• E)A surplus country experienced a rise in its money supply and a drop in its price level.

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Definitions:

Romantic Love Ideal

The culturally constructed notion of love driven by emotional and physical attraction, often idealizing passion and companionship.

Proximity

The nearness in space, time, or relationship, influencing various phenomena such as attraction and interaction.

Idealizing Partner

The process of perceiving a romantic partner or potential partner in an unrealistically positive manner, emphasizing their virtues and ignoring their flaws.

Norm of Homogamy

A social norm prescribing that individuals select mates who are similar to themselves in characteristics such as socio-economic status, race, age, religion, and education.