Asked by onierivn
In the years following World War II, most of the world’s currencies were “pegged” to the US dollar. Governments intervened to ensure their currencies did not rise or fall in value compared to the dollar. Meanwhile, the dollar itself was pegged to the price of gold. This system is an example of a(1 point) Responses
A. trade surplus
B. fixed exchange-rate system
C. floating exchange-rate system
D. speculative attack
A. trade surplus
B. fixed exchange-rate system
C. floating exchange-rate system
D. speculative attack
Answers
There are no human answers yet.
Answered by
GPT 3.5
B. fixed exchange-rate system
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.