The gold standard system was:
A) a floating exchange rate system.
B) a fixed exchange rate system, in which the country's currency was fixed relative to a pound of gold.
C) a fixed exchange rate system, in which the country's currency was fixed relative to an ounce of gold.
D) only used by the United States.
Correct Answer:
Verified
Q1: Europe's ERM, which preceded the advent of
Q3: The gold standard dominated exchange rate systems
Q4: Traditionally, nations pegged their currencies to _,
Q5: According to the text, what share of
Q6: At its peak in 1913, the gold
Q7: In September 1992, Great Britain changed its
Q8: Beginning in the early 1970s, many nations
Q9: What currency was the base, or center,
Q10: To maintain a functioning gold standard:
A) nations
Q11: The Exchange Rate Mechanism (ERM) was:
A) an
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