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In 1971, Most Countries, Including the United States

Question 13

Multiple Choice

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.

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