Holding a currency to the gold standard works:
A. to the advantage of savers at the expense of borrowers.
B. to the advantage of borrowers at the expense of savers.
C. for no one, and hurts both savers and borrowers from access to money.
D. for everyone, benefiting both savers and borrowers.
A. to the advantage of savers at the expense of borrowers.
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Refer to Figure 4.1, which shows Molly's and Ryan's individual demand curves for compact discs per month. Assuming Molly and Ryan are the only consumers in the market, if the market quantity demanded is 15, the price must be
A) $0. B) $6. C) $9. D) $15.
Assets that the IMF created to be used by countries to settle international payment obligations are called
A) capital intervention accounts. B) foreign currency reserves. C) gold reserves. D) special drawing rights.