Author Question: The rules of the game under the gold standard can best be described as which of the following: A) ... (Read 65 times)

Diane · **on:** Jun 30, 2018

The rules of the game under the gold standard can best be described as which of the following:

A) selling domestic assets in a deficit and buying assets in a surplus.
B) slowing down the automatic adjustments processes inherent in the gold standard.
C) selling domestic assets in order to accumulate gold.
D) selling foreign assets in a deficit and buying foreign assets in a surplus.
E) selling domestic assets in a surplus.

Question 2

Brazil's 1999 crisis was relatively short lived because

A) Brazil's financial institutions had avoided borrowing all together.
B) Brazil's financial institutions had avoided heavy borrowing in local currency.
C) Brazil's financial institutions had avoided heavy borrowing in dollars.
D) Brazil's financial institutions had extended low-interest loans.
E) Brazil's financial institutions had extended high-interest loans.