Gold Standard Was Dissolved in 1973 Because

question 23

Multiple Choice

gold standard was dissolved in 1973 because

• A) the U.S. printed too many dollars to maintain gold at $35/oz
• B) exchange markets preferred a floating rate system
• C) high interest rates raised the cost of holding gold
• D) some countries preferred to hold gold instead of dollars

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Environmental Threat

A potential harm or danger posed to the natural environment, often caused by human activities or natural disasters.

Fresh Water

Naturally occurring water with a low concentration of salts, distinct from sea water, used for drinking, irrigation, and industrial processes.

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