Multiple Choice
The gold standard system was:
A) a floating exchange rate system.
B) a fixed exchange rate system, in which the country's currency was fixed relative to a pound of gold.
C) a fixed exchange rate system, in which the country's currency was fixed relative to an ounce of gold.
D) only used by the United States.
Correct Answer:
Verified
Correct Answer:
Verified
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Q6: In 1990, Britain joined the ERM. If
Q7: One might expect the interest rate correlation
Q8: Traditionally, nations pegged their currencies to _,
Q10: Under a gold standard, as trade takes
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