Multiple Choice
Which of the following was an effect of U.S. president Richard Nixon's decision to take the dollar off the gold standard?
A) The Japanese yen gained strength in currency markets with a corresponding decline in the value of the Swiss franc.
B) Nation-states such as Italy and Britain tied their currencies to the U.S. dollar.
C) Second World nations found it harder to get loans from First World banks.
D) International financial institutions escaped the control of national political authorities.
Correct Answer:
Verified
Correct Answer:
Verified
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