Fixed Exchange Rate Regimes

question 56

Multiple Choice

Fixed exchange rate regimes

• A)existed prior to the nineteenth century but were then superseded by the gold standard.
• B)lower the transactions costs of buying and selling goods and assets.
• C)result in higher world interest rates.
• D)were first established by the GATT in 1971.

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Definitions:

Relative Pronouns

Pronouns that introduce relative clauses, functioning as connectors between clauses.

Nonrestrictive

Refers to clauses or modifiers in grammar that provide additional information without limiting or defining the main clause.

Restrictive Clause

A restrictive clause is a clause that serves to explicitly define or limit the meaning of the noun it modifies and is essential to the meaning of a sentence.

Comma

A punctuation mark used to indicate a pause between parts of a sentence or to separate items in a list.