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1.Which of the following does not correctly describe the gold exchange standard? A)The gold exchange standard reduces international transaction costs compared to the float exchange

1.Which of the following does not correctly describe the gold exchange standard?

A)The gold exchange standard reduces international transaction costs compared to the float exchange system.

B)The gold exchange standard increases the risk in international trade and investment compared to the float exchange system.

C)The gold exchange standard is also called an adjustable peg system.

D)The gold exchange standard creates potential speculation opportunities.

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