Which of the Following Was an Announcement Made by U

question 108

Multiple Choice

Which of the following was an announcement made by U.S.President Nixon to enable the devaluation of the dollar during the increase in inflation in 1971 in the United States?

• A) The IMF member countries would adopt the gold standard to fix exchange rates.
• B) The United States would no longer support the World Bank.
• C) A new 10 percent tax would be charged on U.S. exports.
• D) The dollar was no longer convertible into gold.
• E) German deutsche marks would be the new reference currency.

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Definitions:

Strategic Management

The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.

Forecasts

Predictions or estimates of future events or trends, based on current and historical data analysis.

Pure Guesses

Speculations made without any evidence or basis in facts.

Scenario Analysis

A technique used in strategic planning to assess potential futures by considering different possible outcomes or scenarios.