The Gold Standard System Was

question 9

Multiple Choice

The gold standard system was:

• A) a floating exchange rate system.
• B) a fixed exchange rate system, in which the country's currency was fixed relative to a pound of gold.
• C) a fixed exchange rate system, in which the country's currency was fixed relative to an ounce of gold.
• D) only used by the United States.

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Definitions:

Class Secret

In object-oriented programming, a 'Class Secret' refers to the principle that a class should encapsulate and hide its internal data and operations from other classes, exposing only what is necessary through its interface.

Legal In Java

A phrase referring to syntax, operations, or constructs that are valid and acceptable in Java programming language.

Abstract Class

An abstract class in object-oriented programming is a class that cannot be instantiated and is often used as a base class for other classes.

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Methods in Java that are declared with a body, meaning they are fully implemented and can be directly invoked, as opposed to abstract methods which are declared without an implementation.