Countries that maintain a constant gold value for their ...

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Countries that maintain a constant gold value for their currencies are said to be on a gold standard.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Suppose that the exchange rate between Japanese yen and U.S. dollars is originally 130 yen to the dollar. If it then changes to 150 yen to the dollar, imports of Japanese goods into the United States will tend to:
 a. rise.
 b. fall.
 c. stay the same.
 d. change in an indeterminate direction.

[elyse44]

Answer to Question 1

True

Answer to Question 2

a

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Thank you

[elyse44]

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