The Speculative Attack on the British Pound in 1967 Succeeded

question 69

Multiple Choice

The speculative attack on the British pound in 1967 succeeded because

• A)the pound was seriously undervalued relative to the dollar.
• B)Britain decided to drop out of the Bretton Woods system.
• C)British exports greatly exceeded British imports, causing a large inflow of gold.
• D)the Bank of England lacked the international reserves to defend the existing exchange rate indefinitely.

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Definitions:

Double-Precision Variable

A type of variable in programming that can store decimal numbers with double the precision of a float, allowing for more accurate calculations.

Scanf

A standard library function in C used to read formatted input from stdin.

LISP Language

A high-level programming language known for its symbolic expression processing, used extensively in artificial intelligence and computational linguistics.

Bound Checks

The safety measures implemented in code to verify that indices or keys are within the allowed range for data structures to prevent errors or breaches.