In the 1970s,the Major Industrial Countries Abandoned the Managed-Floating Exchange

question 1

True/False

In the 1970s,the major industrial countries abandoned the managed-floating exchange rate system and adopted a system of fixed exchange rates tied to the price of gold.

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Definitions:

Afferent Neurons

Nerve cells that carry sensory information from the body’s periphery towards the central nervous system.

Sensory Organs

Specialized organs of the body that process information from the environment, such as eyes, ears, skin, nose, and tongue.

Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the medulla oblongata in the brainstem to the lumbar region of the vertebral column, playing a critical role in transmitting neural signals between the brain and the rest of the body.

Sympathetic Nerve Fibers

Nerve fibers that are part of the sympathetic nervous system, involved in the body's fight or flight response by activating bodily systems.