If in a System of Fixed Exchange Rates the Dollar

question 1

Multiple Choice

If in a system of fixed exchange rates the dollar price of pounds is above the market equilibrium

• A)gold will flow from Canada to Great Britain.
• B)there will be a surplus of pounds.
• C)the Canadian government will have to ration pounds to Canadian importers.
• D)there will be a shortage of pounds.

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Definitions:

Isotopic Ages

The determination of the age of rocks, minerals, or samples by measuring the relative abundance of specific isotopes.

Correlations

In geology, the establishment of equivalency between geological features or layers at different locations based on their characteristics and age.

Dashed Lines

Lines consisting of dashes, used in diagrams to represent boundaries, paths, or other demarcated features.

Index Fossils

Fossils of organisms that were geographically widespread but limited to a short span of geological time, used to define and identify geological periods.