General Studies · Statements and Conclusions
Given the statement below, evaluate which of the following conclusions logically follow: Statement: The Bank of America's move to auction 25 metric tons of gold drew plenty of bidders looking for a bargain, but was criticised by major gold producers worldwide. Conclusions: I. The Bank of America should not auction gold which it possesses to keep steady international prices of gold. II. Bidders should quote higher gold prices to retain present value of gold in the international markets.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither conclusion I nor II follows✓
- 2Both conclusions I and II follow
- 3Only conclusion II follows
- 4Only conclusion I follows
Correct answer
Neither conclusion I nor II follows
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