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7. The gold standard and Bretton Woods Which of the following best describes the gold standard? Countries maintain a fixed price of their currencies in
7. The gold standard and Bretton Woods
Which of the following best describes the gold standard?
Countries maintain a fixed price of their currencies in terms of gold to ensure floating exchange rates.
Countries maintain gold prices higher than silver prices.
Countries maximize their gold reserves.
Countries maintain a fixed price of their currencies in terms of gold to ensure fixed exchange rates.
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