Which of the Following Is a Factor That Initiated the Collapse

question 17

Multiple Choice

Which of the following is a factor that initiated the collapse of the fixed exchange rate system?

• A) Worsening of Great Britain's balance of trade
• B) Recession in third world countries
• C) Price inflation in Europe
• D) Worsening of U.S. foreign trade position

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Definitions:

Participants

Individuals who take part in a research study or experiment.

Impulsive

Characterized by actions taken without forethought or consideration of the consequences; spontaneous behavior.

Conservative

A political and social ideology that emphasizes the value of traditional institutions and practices, resistance to rapid change, and cautiousness in political and social reform.

Liberal

Pertaining to a political and social philosophy that emphasizes individual rights, freedom of expression, and a preference for governmental intervention in social and economic matters.