In the 1930s, Some Nations Such as the United States

Multiple Choice

In the 1930s, some nations such as the United States and Britain abandoned their gold pegs by adopting ________, whereas other nations such as Germany and South American nations adopted ________.

A) floating exchange rates and open capital markets; fixed exchange rates and capital controls
B) fixed exchange rates and open capital markets; floating exchange rates without capital controls
C) fixed exchange rates and closed capital markets; floating exchange rates and closed capital markets
D) floating exchange rates with closed capital markets; floating exchange rates and open capital markets