Countries Formally Agreed to Free-Floating Exchange Rates

Multiple Choice

Countries formally agreed to free-floating exchange rates

A) when Nixon took the United States off the gold standard in 1971.
B) by agreement at the 1971 Smithsonian negotiations.
C) in immediate response to the OPEC oil shock of 1973.
D) in immediate response to the U.S. recession of 1975.
E) in response to several events, including each of the above.