Q180
Under the gold-standard inflow of gold from the deficit to the surplus nation result in: (1) a fall in the interest rate in the surplus nation. (2) fall in the interest rate in the deficit nation. (3) an outflow of capital from surplus to deficit nation. (4) an outflow of capital from deficit to surplus nation. Of the above statements:
A.
1 and 4 are correct
B.
1 and 3 are correct
C.
2 and 3 are correct
AnswerD.
2 and 4 are correct
Answer: Option C
Solution
Answer: Option C
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