CFA Level I Economics Gold Standard MCQs Test 4

General4 MCQs

1. What was the gold standard in international monetary history?

A. Adopted by all countries simultaneously.B. A system of floating exchange rates.C. A common standard of value for international transactions.D. A system without a common standard of value.

2. Why was the gold standard abandoned during the Great Depression?

A. During periods of economic growth.B. During periods of inflation.C. During periods of war.D. During the Great Depression to combat deflation.

General4 MCQs

3. What mechanism did the gold standard use for adjustment?

A. A self-regulating mechanism through price-specie-flow.B. A system with central bank intervention.C. A system with floating exchange rates.D. A system with government controls.

4. When did the classical gold standard end?

A. After World War II.B. With the onset of World War I in 1914.C. In the 1970s.D. In 1933.

CFA Level I Economics Gold Standard MCQs Test 4

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