Q
In 1971, most countries ?
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A
A. Adopted a new system of fixed exchange rates
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B
B. Gave up trying to fix exchange rates formally and began allowing them to be determined essentially by supply and demand
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C
C. Adopted single internationally accepted currency whose use is limited to international transactions
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D
D. Returned to the gold standard
Correct Answer:
B. B. Gave up trying to fix exchange rates formally and began allowing them to be determined essentially by supply and demand
