The ¬_______ is a way to fix exchange rates by defining each participating currency in terms of gold and allowing holders of each participating currency to convert that currency into gold.
A) gold standard
B) silver standard
C) bronze standard
D) none of these
Correct Answer:
Verified
Q41: There is an exchange rate between
A)every pair
Q42: The Big Mac index is a measure
Q43: One disadvantage of the gold standard was
Q44: On May 12, 2011, the U.S.dollar was
Q45: If the dollar depreciates, it can be
Q47: On May 12, 2011, it cost U.S.$1.64
Q48: On May 12, 2011, the U.S.dollar was
Q49: On May 12, 2011, the U.S.dollar was
Q50: Appreciation is the term used to describe
A)the
Q51: In 2007, the value of the U.S.dollar
A)increased
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents