Countries Formally Agreed to Free-Floating Exchange Rates

question 7

Multiple Choice

Countries formally agreed to free-floating exchange rates

• A) when Nixon took the United States off the gold standard in 1971.
• B) by agreement at the 1971 Smithsonian negotiations.
• C) in immediate response to the OPEC oil shock of 1973.
• D) in immediate response to the U.S. recession of 1975.
• E) in response to several events, including each of the above.

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Collateral Source

Information or support obtained from a secondary or alternative source, aside from the primary source.

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The positive perception or judgment formed by others based on one's appearance, behavior, or qualities.

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The ability or power to decide or act according to one's own judgment; often in professional situations requiring sensitivity or confidentiality.