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Under the gold standard, gold would leave the country if the country's overall balance of payments ...

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Under the gold standard, gold would leave the country if the country's overall balance of payments ...

Question 1.

________ has been the primary system for determining exchange rates since 1971.

▸ The gold standard

▸ The Bretton Woods system

▸ A freely floating system

▸ A managed floating system

Question 2.

Under the gold standard, gold would leave the country if the country's overall balance of payments was in surplus.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 77 times

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