During What Period of Time Did the United States Most

question 126

Multiple Choice

During what period of time did the United States most consistently adhere to the gold standard?

• A)from the nineteenth century until the 1930s
• B)from the eighteenth century until the nineteenth century
• C)from 1914 until 1929
• D)from 1944 until 1980

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Definitions:

Forward Rate

An agreed-upon price for a financial transaction that will occur at a future date.

Direct Quote

A quotation in the foreign exchange market that expresses the amount of foreign currency required to buy or sell one unit of the domestic currency.

Direct Quote

A report of the exact words used by a speaker or writer, typically enclosed in quotation marks.

British Pounds

The official currency of the United Kingdom, also known as GBP or Sterling, used as a benchmark currency internationally.