The official price of golds in terms of the national currency is known as（）
A. the convertibility factor
B. the exchange rate
C. the mint parity rate
D. the mint stock rate
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Which of the following organizations was NOT the result of the Bretton Woods Conference in 1944（）
A. the League of Nations
B. the General Agreement on Tariffs and Trade
C. the International Monetary Fund
D. the International Bank for Reconstruction and Development
When wages are said to be sticky, it implies that（）
A. they do not adjust to market changes quickly
B. they are fixed
C. the government has minimum wage laws in place
D. none of the above; only prices are said to be sticky
One disadvantage of gold as the basis for a currency is（）
A. gold is difficult to transport in large quantities
B. a new discovery of gold could quickly change the value of the currency
C. a gold standard can be costly to maintain if the currency comes under speculation
D. all of the above
Exchange rate overshooting explains（）
A. why spot rates are so much more variable than price levels
B. why price levels change so frequently in one country and not in another
C. the policy assignment problem
D. domestic currency appreciation
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