An important problem with the gold standard was that a. one country could easily manipulate the system to its advantage and the disadvantage of other countries. b. a country did not have control of its domestic monetary policy. c. exchange rates tended to fluctuate a great deal, making it difficult for businesses to make long-run plans. d. it was too complicated and restricted business activity.
An important problem with the gold standard was that a. one country could easily manipulate the system to its advantage and the disadvantage of other countries. b. a country did not have control of its domestic monetary policy. c. exchange rates tended to fluctuate a great deal, making it difficult for businesses to make long-run plans. d. it was too complicated and restricted business activity.
ChapterP5: Part 5: Short-term Asset And Liability Management
Section: Chapter Questions
Problem 8Q
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An important problem with the gold standard was that
a. one country could easily manipulate the system to its advantage and the disadvantage of other countries.
b. a country did not have control of its domestic
c. exchange rates tended to fluctuate a great deal, making it difficult for businesses to make long-run plans.
d. it was too complicated and restricted business activity.
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