A country on a gold standard was able to maintain people's confidence in the value of its currency by:

a. printing more and more paper money.
b. restricting international exchange of goods and services.
c. ensuring the convertibility of paper money into gold.
d. maintaining a fixed stock of foreign currencies.
e. ensuring balance of payment surplus.


c

Economics

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A) An increase; increase B) An increase; decrease C) A decrease; increase D) A decrease; decrease

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Indicate whether the statement is true or false

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The government often enacts regulation that benefits producers because

a. the government seeks to regulate in the best interest of the public b. consumers have less information than producers and therefore seek government protection c. consumers have a strong interest in matters that affect their standard of living d. producers have a strong interest in matters that affect their specialized source of income e. producers seek to act in the best interest of the public

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Best National Bank operates with a 20 percent required reserve ratio. One day a depositor withdraws $500 from his or her checking account at this bank. As a result, the bank's excess reserves:

a. fall by $500 b. fall by $400. c. rise by $100 d. rise by $500.

Economics