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  3. Study Set
    Principles of Macroeconomics Study Set 12
  4. Exam
    Exam 19: Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates
  5. Question
    ________ Has Been the Primary System for Determining Exchange Rates
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________ Has Been the Primary System for Determining Exchange Rates

Question 3

Question 3

Multiple Choice

________ has been the primary system for determining exchange rates since 1971.


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

Correct Answer:

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