When the International Financial System Operated Under the Gold Standard

question 15

Multiple Choice

When the international financial system operated under the gold standard,

• A)the currencies of most countries were convertible into gold
• B)all international transactions were financed with gold
• C)the price of gold was determined by the supply and demand for foreign exchange
• D)the quantity of money demanded was always the same
• E)there was very little inflation

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Definitions:

Cognitive Deficits

Impairments in intellectual functions such as thinking, reasoning, memory, learning, or problem-solving.

Genetic Condition

A disease or disorder that is inherited genetically.

Intellectual Disability

A disability characterized by significant limitations both in intellectual functioning and in adaptive behavior, affecting everyday social and practical skills.

Fragile X Syndrome

A genetic condition causing intellectual disability, behavioral challenges, and various physical features, resulting from a mutation in the FMR1 gene.