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.

---

Definitions:

Political Systems

The set of formal legal institutions that constitute a government or a state, which outlines how societies organize and govern themselves.

Society's Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation, communication, water systems, and public institutions.

Cultural Control

The practices, norms, and mechanisms employed by societies to shape the behavior and beliefs of individuals, ensuring conformity to cultural standards and values.

Talking Circle

A traditional form of communication among Indigenous peoples where participants sit in a circle to openly share thoughts and listen to others in an atmosphere of respect.