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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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