The U.S. changed from a fixed exchange rate to a generally flexible exchange rate in:

Name: The U.S. changed from a fixed exchange rate to a generally flexible exchange rate in:
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

The U.S. changed from a fixed exchange rate to a generally flexible exchange rate in 1971 when President Nixon announced the end of the gold standard and the convertibility of the U.S. dollar into gold at a fixed price was suspended. This event is known as the “Nixon Shock”.

The US Changed from a Fixed Exchange Rate to a Generally