Question
Which of the following is NOT true ? Question 24 options: Under the gold standard, each currency was convertible into gold at a specified rate,
Which of the following is NOT true?
Question 24 options:
| Under the gold standard, each currency was convertible into gold at a specified rate, and the exchange rate between two currencies was determined by their relative convertibility rates per ounce of gold. |
| Bretton Woods Agreement called for fixed exchange rates between currencies. |
| Under the Smithsonian Agreement, each currency was convertible into gold at a specified rate, and the exchange rate between two currencies was determined by their relative convertibility rates per ounce of gold. |
| None of the above. |
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