The Transition to Floating Exchange Rate Regimes in the 1970s

question 68

True/False

The transition to floating exchange rate regimes in the 1970s (described in Chapter .3) changed the focus from the total BOP to its various subaccount like the current and financial account balances.

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Definitions:

Usage of Trade

A set of practices or behaviors that are widely accepted and used by a particular industry or commercial sector.

Express Terms

Specific conditions and provisions explicitly stated in a contract or agreement.

Trade Usage

Established practices or patterns of behavior regularly observed and accepted in a particular industry or trade.

Validly Rejected

Pertains to the lawful refusal to accept an offer, contract, or proposition based on legitimate grounds or criteria.