Which of the Following Was an Effect of U

question 54

Multiple Choice

Which of the following was an effect of U.S.President Richard Nixon's decision to take the dollar off the gold standard?

• A) The Japanese yen gained strength in currency markets,with a corresponding decline in the value of the Swiss franc.
• B) Nation-states such as Italy and Britain tied their currencies to the U.S.dollar.
• C) Second World nations found it harder to get loans from First World banks.
• D) International financial institutions escaped the control of national political authorities.

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Definitions:

Two

The numerical value representing a quantity equal to one plus one, often considered in contexts of comparison or difference.

Drafting

The preliminary stage of writing or drawing up documents, plans, designs, or legislation before they are finalized.

Research

the systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Surveying

The act of examining and recording the features of a piece of land to accurately define its boundaries and create maps or plots.