Holding a currency to the gold standard works:
A. to the advantage of borrowers at the expense of savers.
B. for no one, and hurts both savers and borrowers from access to money.
C. for everyone, benefiting both savers and borrowers.
D. to the advantage of savers at the expense of borrowers.
Answer: D
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Which of the following creates a positive social rate of return?
a. Providing a free secondary education to the public b. Paying higher wages to workers with college degrees c. Offering government grants to private universities d. Earning an advanced degree at a public university
When a country's inflation rate varies substantially from year-to-year and is therefore difficult to predict, this will
a. reduce the volume of trade and the gains derived from it. b. reduce the risk accompanying investment. c. encourage entrepreneurs to innovate and develop better products. d. increase the level of foreign investment in the country.
At the point where the demand and supply curves for a product intersect,
What will be an ideal response?
Refer to the graphs shown. If consumers began purchasing more of this product due to a decrease in price, this would be shown by arrow:
A. A. B. B. C. C. D. D.