The gold standard established fixed exchange rates among all countries.
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Q29: Fixed exchange rates are rates set by
Q30: According to the purchasing-power parity theory, differences
Q31: If one country has higher inflation than
Q32: The current account balance includes international purchases
Q33: Balance of payments surpluses arise whenever the
Q35: Balance of payments deficits arise whenever the
Q36: Capital movements are typically the dominant factor
Q37: Under the Bretton Woods system of fixed
Q38: The balance of payments deficit is the
Q39: When a government influences the exchange rate
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