Which statement is true?
A) Until December 1971, the Australian dollar was pegged to the U.S. dollar; then it was pegged to the pound; then in September 1974 it was pegged to a basket of currencies; before being floated in December 1983
B) Until December 1971, the Australian dollar was pegged to the pound; then it was pegged to the. U.S. dollar; then in September 1974 it was pegged to a basket of currencies; before being floated in December 1983
C) Until December 1971 the U.S. dollar was pegged to the pound; then it was pegged to the Australian dollar; then in September 1974 it was pegged to a basket of currencies; before being floated in December 1983
D) Until December 1971 the Australian dollar was pegged to a basket of currencies; then it was pegged to the U.S. dollar; then in September 1974 it was pegged to the pound; before being floated in December 1983
Correct Answer:
Verified
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