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Which of the following is NOT true? Question 24 options: Under the gold standard, each currency...

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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Answer #1

Here first and second option is true .

And third is false because Smithsonian Agreement is an agreement where each currency cannot convert gold at specified rate but revalue the dollar against gold.

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