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Question
Which of the following was a disadvantage of using gold as a medium of exchange in international trade?A) The weight of gold made transporting it expensive.
B) Gold was not in high demand.
C) The gold standard imposed lenient monetary policies on countries that participated in the system.
D) The gold standard increased the risk in exchange rates as it maintained highly flexible exchange rates between currencies.
Answer
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Related questions
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Q:
Which of the following statements is true of developing countries that have embraced globalization?
A) The countries have experienced an increase in life expectancy.
B) As a result of extensive commercialism, there has been a decline in personal income.
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D) Their rich cultural diversity hasn't been affected by exposure to new cultures.
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B) lower workers' wages in developed nations
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B) a person's position in society depends upon his educational qualifications and achievements
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