In September 1992, Great Britain changed its exchange rate system. How?
A) It abandoned the gold standard in favor of pegging to the U.S. dollar.
B) It joined in with the new euro.
C) It switched from an exchange rate peg to floating.
D) It abandoned the sterling backing for the British pound.
Correct Answer:
Verified
Q2: The gold standard system was:
A) a floating
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
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
Q12: Which of the following does NOT describe
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