Which of the Following Was an Effect of U

question 43

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:

Postformal Cognition

Postformal cognition refers to a stage of cognitive development beyond Piaget's formal operational stage, showcasing advanced reasoning and problem-solving abilities in adults.

Intellectual Flexibility

The ability to adapt one's thinking and strategies when facing new circumstances, problems, or information.

Emerging Adults

Refers to individuals transitioning from adolescence to full-fledged adulthood, typically aged between 18 to 29, experiencing changes in identity, self-conception, and social relationships.

Marriage Prior To Parenthood

The concept or practice of entering into a marital relationship before having children.