Prior to World War II, the international financial system had operated on
A) a floating exchange rate system
B) a managed exchange rate system
C) a laissez-faire exchange rate system
D) the gold standard
E) the dollar standard
Correct Answer:
Verified
Q161: Devaluation of a domestic currency
A)is also called
Q162: The purchasing power parity theory is a
Q163: Contractionary policies help correct a balance of
Q164: Exhibit 20-7 Q165: If the U.S.dollar depreciates, it becomes cheaper Q167: Under fixed exchange rates, a central bank Q168: If interest rates fall in country A, Q169: When the exchange rate is allowed to Q170: All of the following are true concerning Q171: When faced with a continual excess demand
A)adjusts
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