Fixed Exchange Rate Regimes

question 56

Multiple Choice

Fixed exchange rate regimes

• A)existed prior to the nineteenth century but were then superseded by the gold standard.
• B)lower the transactions costs of buying and selling goods and assets.
• C)result in higher world interest rates.
• D)were first established by the GATT in 1971.

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Definitions:

.05 Level Of Significance

A statistical threshold indicating that the probability of the observed results occurring by chance is 5% or less, suggesting that the results are statistically significant.

"Significant" Findings

In research, findings that are statistically significant indicate that the results observed are unlikely to be due to chance, suggesting a meaningful effect or relationship.

Flukes

Unpredictable events of chance or luck, especially those leading to a favorable outcome.

Dependent Variable

In an experiment, it is the variable being tested and measured, and it is expected to change as a result of manipulations to the independent variable(s).