The gold standard ended with the:
a. rise of Napoleon to power.
b. American Declaration of Independence.
c. outbreak of World War I.
d. first Arab oil embargo.
e. presidency of Richard Nixon.
c
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Historical evidence seems to indicate that
A) budget and trade deficits generally move in the same direction. B) budget and trade deficits generally move in the opposite direction. C) trade and budget deficits decrease when the president is a Republican, and increase when the president is a Democrat. D) there is no consistent relationship between trade and budget deficits.
A firm that wished to calculate the present value of its future nominal profits should use the ____ to do so
a. real interest rate b. nominal interest rate c. nominal interest rate minus the expected inflation rate d. real interest rate minus the expected inflation rate
The amount that the bank is legally required to keep on hand is called the:
A. required reserves. B. demand deposits. C. federal funds. D. reserve ratio.
Gross public debt minus all government interagency borrowing is
A) government budget deficit. B) an entitlement. C) U.S. Treasury bonds. D) net public debt.