Question: Which activity occurred under the gold standard? Multiple choice question. Governments would only back businesses that traded in gold and those that traded in paper

Which activity occurred under the gold standard? Multiple choice question. Governments would only back businesses that traded in gold and those that traded in paper were forced to barter. Governments converted financial contracts into gold at a floating rate. Governments agreed to convert paper currency into gold on demand at a fixed rate to allow for the use of paper currencies to finance trade. Governments agreed to ship gold and silver around the world to back international trade

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Which activity occurred under the gold standard? Multiple choice question. Governments agreed to ship gold and silver around the world to back international trade. Governments converted financial...

1.What is the solution for Mr. Bolden's issues (or questions) as stated in the first three paragraphs under the section titled Introduction? Substantiate with calculations 2.Establish the nature of...

Gazprom Introduction James Bolden, executive vice president of Mobaco, one of the world's largest integrated oil companies, was sitting in his suite at the Metropol Hotel in Moscow. He had a complex...

When a consumer withdraws $200 from her savings account and deposits the $200 into her checking account, Question 11 pts When a consumer withdraws $200 from her savings account and deposits the $200...

read chapter 1 & 2 from the attashment book (the new international money game-7th), and then let me have a summary of them both within one or tow pages so i can solve the questions> 1 A System Is How...

Please the above article (Please I need this work urgently ) and please submit correct and relevent answer. Write the following for me. 1. Summary of the study 2. Literature review: The main...

Context: The Panic of 1857, the New York Clearing House, and the Concept of Insolvency (A) On the afternoon of October 13, 1857, John Livingston entered the Bank of New York seeking to convert two...

reference: https://www.crf-usa.org/images/t2t/pdf/GreatDepressionandRecovery.pdf required: 1- answer all question (assessment options, a plan for the recovery) 2- summarize each tittle in article...

Investments in Focus Questions 1. In what ways is gold similar to silver? 2. In what ways is gold different from silver? 3. What is the definition of volatility? 4. Why is silver more volatile than...

The federal government is considering levying taxes on smart phone manufactures. They are considering two proposals: A lump-sum tax of $ 1m. On each manufacturer. A tax of 8 100 per smart phone, paid...

Complete the mechanism for the following reaction of benzaldehyde dissolved in dry ethanol bubbled with HCI(g) by adding any missing atoms, bonds, charges, non-bonding electrons, and curved arrows....

DentRite Corporation, a n automobile repair shop, pays $ 1 0 , 0 0 0 annually for Johnny's undergraduate courses. Johnny has been studying t o become a veterinarian. What i s the maximum amount o f...

Zonker Inc. purchases 500 units of an item at an invoice cost of $30,000. What is the cost per unit? If the goods are shipped f.o.b. shipping point and the freight bill was $1,500, what is the cost...

Describe the LIFO double-extension method. Using the following information compute the index at December 31, 2010, applying the double-extension method to a LIFO pool consisting of 25500 units of...

As compared with the FIFO method of costing inventories, does the LIFO method result in a larger or smaller net income in a period of rising prices? What is the comparative effect on net income in a...

Mishima, Inc. indicated in a recent annual report that approximately $19 million of merchandise was received on consignment. Should Mishima, Inc. report this amount on its balance sheet? Explain.

Inman Construction Company is considering selling excess machinery with a book value of $280,000 (original cost of $400,000 less accumulated depreciation of $120,000) for $292,000, less a 5%...

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

5. Give some examples of hidden knowledge.

3. Try to clarify how you think when you are going to write a note aimed at influencing the leader of the department. Remember, it is not what you think, but how you think that should be clarified....

2. Take as your starting point a conflict you experienced recently with a close friend. Try to go through the communication that took place and answer the following questions: a) What was the main...