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The _____, Which Devalued the U

question 42

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The _____, which devalued the U.S.dollar to $38 per ounce of gold, increased the value of other countries' currencies to the dollar, and increased the band within which a currency was allowed to float from 1 percent to 2.25 percent.


Definitions:

Andes

A major mountain range along the western edge of South America, formed by the subduction of the Nazca Plate beneath the South American Plate.

Pyroclastic Flows

Fast-moving currents of hot gas and volcanic materials (such as ash and rock fragments) that flow down the slopes of a volcano during an explosive eruption.

Mudflows

Rapid flows of water-saturated earth material, primarily composed of mud and often triggered by heavy rains or volcanic activity.

River Valley

a long, narrow region carved by river erosion, often surrounded by hills or mountains.

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