Under Which Exchange Rate System Was a Dollar Redeemable for Gold

question 250

Multiple Choice

Under which exchange rate system was a dollar redeemable for gold only if the dollar was presented by a foreign central bank?

• A)the gold standard
• B)a managed float exchange rate system
• C)the Bretton Woods System
• D)a fiat system

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Definitions:

NSF

An acronym that stands for the National Science Foundation, a United States government agency that supports fundamental research and education in all the non-medical fields of science and engineering.

Scientific Research

The systematic investigation and study of materials, sources, etc., to establish facts and reach new conclusions.

National Economy

The economic activities and performance of a nation, encompassing its gross domestic product, employment rates, and the balance of imports and exports.

Uncontrolled Population Growth

This refers to the rapid increase in the number of individuals in a population, often due to lack of access to contraceptives, education on family planning, or policies limiting the number of children per family, leading to potential overpopulation issues.