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The Smithsonian Agreement of 1 9 7 1 was hailed by President Nixon as a fundamental reorganization of the international monetary system. In fact, what

The Smithsonian Agreement of 1971 was hailed by President Nixon as a fundamental reorganization of the international monetary system. In fact, what it accomplished was
an appreciation of the dollar.
an increase of the gold content of the dollar.
the devaluation of the dollar.
the elimination of gold backing for the dollar

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