The correct statement about the gold exchange standard is()
A. Currency Symbols in circulation exchange bullion through foreign exchange
B. Use of gold coins in circulation
C. Gold bullion in circulation
Direct exchange of gold bullion for currency symbols in circulation
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The bad money in the law of bad money expelling good money refers to()
A money whose nominal value is higher than its real value
B. A money whose nominal value is lower than their real value
C. Money with no nominal value
D. Money with no real value
Money materials should generally have the nature of()
A. High value
B. Easy to divisible
C. Easy to storable
D. Portable
E. Lower cost
The monetary system environment in which the phenomenon of “bad money expelling good money” occurs is()
A. Gold-silver bimetallic standard
B. Gold specie standard
C. Silver Standard
D. Gold Exchange Standard
The correct statement about the monetary aggregates hierarchy is()
A. The most liquid money is cash
Bank deposits are highly liquid
C. Quasi money is money that can be used directly to buy goods
D. Broad money is more liquid than narrow money