In Response to the Overvalued Dollar in the Early 1970s,the

question 103

Multiple Choice

In response to the overvalued dollar in the early 1970s,the German Bundesbank bought ________ and sold ________ to keep the exchange rate fixed,gaining international reserves.

• A)marks;dollars
• B)marks;pounds
• C)dollars;marks
• D)dollars;pounds

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Definitions:

Couch

A piece of furniture designed for seating multiple people, typically upholstered, and used for relaxation or sleeping.

Ripe Mangoes

Mangoes that have reached full maturity, characterized by sweetness, juiciness, and a soft texture.

Fruit

The sweet and fleshy product of a tree or other plant that contains seed and can be eaten as food.

Margin of Error

An expression of the amount of random sampling error in a survey's results, representing how much the survey results are expected to differ from the true population value.