From 1944 to 1971, the Exchange Rate Between Any Two

question 101

Multiple Choice

From 1944 to 1971, the exchange rate between any two currencies was typically:​

• A) ​fixed within narrow boundaries.
• B) ​floating, but subject to central bank intervention.
• C) ​floating, and not subject to central bank intervention.
• D) ​nonexistent; that is, currencies were not exchanged, but gold was used to pay for all foreign transactions.

---

Definitions:

Cross-Tolerance

A phenomenon in which tolerance to the effects of a certain drug produces tolerance to another drug, usually because both drugs share similar mechanisms of action.

Drug Group

A classification of medications or compounds with similar chemical structures, mechanisms of action, therapeutic uses, or side effects.

Addiction

A complex brain disorder characterized by escalation, compulsive drug taking, and relapse; called substance use disorder per the DSM-5.

Schizophrenia

A mental disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions, presenting symptoms like hallucinations and delusions.