The gold standard is a type of
A) fixed exchange rate system.
B) flexible exchange rate system.
C) floating exchange rate system.
D) barter currency system.
Answer: A
Economics
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The firm's efficient scale is the quantity of output that minimizes
a. average total cost. b. average fixed cost. c. average variable cost. d. marginal cost.
Economics
Which of the following describe(s) how corporations acquire funds for investment?
a. By lending out money for student loans or home mortgage loans. b. By issuing shares and retaining part of their profit. c. By paying dividends to stockholders. d. By paying taxes to the government.
Economics