Multiple Choice
Which of the following is a reason why nations began abandoning the gold standard in the 1930s?
A) World supply of gold dropped drastically in the 1930s, severely limiting a country's ability to increase its money supply.
B) Imbalances in a country's balance of payments can be corrected only through changes in the entire economy.
C) In order to correct imbalances in its balance of payments, a country was forced on its trading partners to intervene in currency markets.
D) Some nations started hoarding gold in order to manipulate relative exchange rates.
Correct Answer:

Verified
Correct Answer:
Verified
Q36: Use the following to answer questions .<br>Exhibit:
Q37: Use the following to answer questions .<br>Exhibit:
Q38: According to former Federal Reserve Chairman Alan
Q39: Suppose a nation fixes the exchange rate
Q40: Under the simplifying assumptions made in the
Q42: Given that countries A and B each
Q43: Suppose Cavland's exports equal $400 billion and
Q44: A system in which exchange rates are
Q45: In the United States since 1960<br>A) the
Q46: Which of the following affects the quantity