Which of the following is NOT true? Question 24 options: Under the gold standard, each currency...
Which of the following is NOT true?
Question 24 options:
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Under the gold standard, each currency was convertible into gold at a specified rate, and the exchange rate between two currencies was determined by their relative convertibility rates per ounce of gold. |
|
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Bretton Woods Agreement called for fixed exchange rates between currencies. |
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Under the Smithsonian Agreement, each currency was convertible into gold at a specified rate, and the exchange rate between two currencies was determined by their relative convertibility rates per ounce of gold. |
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None of the above. |
Homework Answers
Here first and second option is true .
And third is false because Smithsonian Agreement is an agreement where each currency cannot convert gold at specified rate but revalue the dollar against gold.
Add Answer to:
Which of the following is NOT true?
Question 24 options:
Under the gold standard, each currency...
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The exchange rates between currencies were determined by the amount of gold in each currency under the gold standard. The gold standard collapsed because O A. there was too much gold in the world. O B. under a gold standard, countries could not control their money supplies O c. international trade is more difficult under a gold standard OD. too many countries were on the gold standard, and so the price of gold rose too high
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Question 27 Which statement is TRUE regarding the gold standard? a. Very few countries participated in...
Question 27 Which statement is TRUE regarding the gold standard? a. Very few countries participated in the gold standard prior to the Great Depression b. The gold standard allowed for flexible exchange rates similar to what we have today c. Countries with large trade surpluses would accumulate more gold stocks. d. Gold was fairly evenly distributed across many countries during the 1930s. 3.33 points Question 28 Which of these is a potential cost of adopting another country's currency as its...
Several factors affect the exchange rate of a currency with another currency. Which of the following...
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no need to answar this Part 1 One-choice questions (4' for each ques 1. Please choose...
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Part 1 One-choice questions (4' for each ques 1. Please choose the quotation which is direct ou A in Germany USD1 = FUR1.4567 C in US USD 1 AUD 1.1625 hich is direct quotation Bin UK GBPUSDI 6752 D in France EUR USD 1.1752 expect to receive 50 pounds sterling at the end of 60 days. You can remove 2. Assume you are an American exporter and exp the risk of loss due to a...
Which of the following is NOT one of the rules for a gold standard? a. Each...
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The exchange rates between currencies were determined by the amount of gold in each currency under the gold standard. The gold standard collapsed because O A. there was too much gold in the world. O B. under a gold standard, countries could not control their money supplies O c. international trade is more difficult under a gold standard OD. too many countries were on the gold standard, and so the price of gold rose too high
true-false questions
my nova - Yahoo Search Results MCC Single Sign a l Statements: (1) The purpose of economic analysis is to assess the overall outlook of the economy and the impact of economic changes on the firm. (2) The international environment includes all the uncontrollable forces originating outside the home country that surround and influence the firm. (3) International economic analyses should provide economic data on both actual and prospective markets. (4) A common basis for assessing economic development...
Several factors affect the exchange rate of a currency with another currency. Which of the following statements are true about the factors that have an impact on exchange rates? Check all that apply. When a government limits imports and restricts foreign exchange transactions, its currency's value tends to increase relative to other currencies. An increase in inflation tends to increase the currency's value with respect to other currencies with lower inflation. If a government intends to prevent its currency's value...
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no
need to answar this
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Which of the following is NOT one of the rules for a gold standard? a. Each country should fix the value of its currency in terms of gold. b. Capital controls should be used to conserve each country's gold holdings. c. There should be an unrestricted flow of gold between countries d. The central bank in each country should hold gold reserves in a direct relationship to the currency it issues. Which of the following best describes a situation in...
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