Under a gold standard,
A) a nation's currency can be traded for gold at a fixed rate
B) a nation's central bank or monetary authority has absolute control over its money supply
C) new discoveries of gold have no effect on money supply or prices
D) prices are constant (there is no inflation and no deflation)
E) all international transactions are financed with gold
Correct Answer:
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Q195: Under the Bretton Woods agreement,
A)nations could not
Q196: Under the Bretton Woods agreement,
A)nations could not
Q197: The Bretton Woods system
A)fixed exchange rates in
Q198: In the early 1970s, in an attempt
Q199: The Bretton Woods agreement established the gold
Q201: The reason for calling the current exchange
Q202: What replaced the Bretton Woods system?
A)the gold
Q203: The current system of international finance is
Q204: The current account records
A)last year's flows of
Q205: One signal that the U.S.dollar was overvalued
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