In 1971, most countries, including the United States,
A) returned to the gold standard.
B) adopted a new system of fixed exchange rates.
C) adopted a single, internationally accepted currency whose use is limited to international transactions.
D) gave up trying to fix exchange rates formally and began allowing them to be determined essentially by supply and demand.
Correct Answer:
Verified
Q8: The value of the dollar relative to
Q9: The record of a country's transactions in
Q10: Exports
A) bring foreign exchange, and thus they
Q11: When a country's exports of goods are
Q12: When a country's exports of goods are
Q14: In the early part of the twentieth
Q15: Which of the following is an item
Q16: The difference between a country's merchandise exports
Q17: An increase in the supply of dollars
Q18: An increase in the supply of dollars
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