Question
Q1: Which of the following triggered the collapse of the railway mania during the 19th century? Foreigners started to leave the market The collapse of
Q1: Which of the following triggered the collapse of the railway mania during the 19th century?
Foreigners started to leave the market
The collapse of some well-established railway companies
The increase in calls for more capital by railway companies
The increase in interest rates by the Bank of England
Q2: Which of the following were the results of the railway
mania?
The increase in railway profitability
The increase in the number of jobs
The decrease in railway market regulations
The increase in railway mileages
Q3: Under the Gold Standard, if an ounce of gold could be exchanged for US$38 and 4 in the United States and Britain respectively, and US$10 can be exchanged for 80
French franc, what would be the exchange rate between British pound and French franc?
1 = 84 French Franc
1 = 76 French Franc
1 = 60 French Franc
1 = 57 French Franc
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