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    Principles of Macroeconomics Study Set 11
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    Exam 20: Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates
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    In the Early Part of the Twentieth Century, What Backed
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In the Early Part of the Twentieth Century, What Backed

Question 85

Question 85

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In the early part of the twentieth century, what backed up nearly all currencies? What did this mean for the average citizen?

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Gold backed up nearly all curr...

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