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:

Strategy Transfer

The process of applying strategies or skills learned in one context to another context in order to solve problems more effectively.

New Situations

Circumstances or environments that are unfamiliar or previously unexperienced by an individual or group.

Modeling Critical Thinking

Demonstrating and applying the principles of critical thinking in order to encourage others to engage in analytical, reflective, and independent thinking.

Reasoned Way

A logical and well-thought-out approach to thinking, decision-making, or problem-solving.