In the Early 1970s, in an Attempt to Solve the Problem

question 86

Multiple Choice

In the early 1970s, in an attempt to solve the problem of the overvalued U.S.dollar, world leaders

• A)increased the price of gold in terms of other currencies
• B)appreciated the dollar, which made foreign exchange cheaper to U.S.residents
• C)appreciated the dollar, which made foreign exchange more expensive to U.S.residents
• D)devalued the dollar, which made foreign exchange cheaper to U.S.residents
• E)devalued the dollar, which made foreign exchange more expensive to U.S.residents