What Shook Up the Financial World During the Nixon Administration

question 22

Multiple Choice

What shook up the financial world during the Nixon administration in 1971?

• A)The U.S.resorted back to the gold standard
• B)The U.S.fixed the dollar to the Japanese yen
• C)The U.S.abandoned fixed exchange rates
• D)The IMF was disbanded
• E)The World Bank was disbanded

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Definitions:

Undergarments

Clothing worn under outer clothes, typically next to the skin, for hygiene, support, or body shaping purposes.

Head Circumference

A measurement around the largest part of the head, usually noted in infants and young children to assess brain and skull growth.

Chest Circumference

The measurement around the chest, usually taken at the nipple level, to assess growth in infants and for fitting clothing.

Electronic Standing Scale

A digital scale designed for measuring weight while the user is standing on it, often used for personal health monitoring.