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Q: Who broke away from the Gold Standard First? a. France b. Germany c. Britain
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Q: Why did gold standard collapse?
A: Gold was used as the store value of money and it is the standard according to which value of any…
Who broke away from the Gold Standard First?
a. France
b. Germany
c. Britain
d. America
Step by step
Solved in 2 steps
- Thinking about the collapse of the gold standard, is there a case for returning to a gold standard? Why and what is it? As far as the IMF, what opportunities might current IMF lending policies to developing nations create for international businesses? What threats might they create?In Bretton Wood system, which of the following institutions cannot be included in the international financial and monetary system? a. GATT b. UNICEF c. WB d. IMFSome people try to make money by watching exchange rates and trying to get the best deal on their trades. What are the risks of trying to do this? What are the rewards if you’re successful?
- What are foreign exchange markets? Why does the State Bank of Vietnam intervene in the foreign exchange market, and give examples?Why did gold standard collapse?A problem with the operation of the gold standard in the world economy was that Answer a. it involved too much government intervention in the economy. b. the world economy was subject to too much inflation. c. a country didnt have control of its domestic monetary policy. d. it caused the Great Depression.
- Years ago when banks generated bank notes on their deposits that citizens used as currency, they were often backed by hard assets, including gold that depositors placed with the bank. How is that any different from when the US was on the "gold standard?"2. World War I caused the suspension of the gold standard for fixed international exchange rates because the war a. cost too much money. b. interrupted the free movement of gold. c. lasted too long. d. used gold as the main ingredient in armament plating.Why would a nation “dollarize”—that is, adoptanother country’s currency instead of having its own?