The Figure Below Shows the Demand (D) and Supply (S)

question 39

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-The gold standard fixes the:

• A)future price of gold in terms of silver.
• B)price of gold in terms of international currencies.
• C)future price of silver in terms of gold.
• D)money supply in terms of paper currency.
• E)past exchange rate and the future exchange rate.

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Definitions:

Enforceable

A legal term describing a contract or obligation that is recognized by law and can be upheld in a court of law.

Deposit

A deposit is a sum of money paid into a bank account or paid as part of a financial transaction as a pledge or part-payment, often refundable under specific conditions.

Agreement

A mutual understanding or arrangement between two or more parties regarding their rights and obligations.

Writing

The act or skill of composing text for various purposes, such as communication, documentation, and expression of ideas.