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    Principles of Macroeconomics Study Set 12
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    Exam 19: Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates
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    ________ Was the Major System of Exchange Rate Determination from the End
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________ Was the Major System of Exchange Rate Determination from the End

Question 11

Question 11

Multiple Choice

________ was the major system of exchange rate determination from the end of World War II until 1971.


A) The gold standard
B) The Bretton Woods system
C) The freely-floating system
D) The managed-floating system

Correct Answer:

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