The Bretton Woods monetary system: was abandoned by the United States in 1996. broke down in 1971. was abandoned by the United States, but the dollar is still backed by gold. remains in effect today.
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The United States a. was on a fixed exchange rate system prior to late $1971,$ but now is on a flexible exchange rate system. b. has been on a fixed exchange rate system since 1945 c. has been on a flexible exchange rate system since 1945 d. was on a flexible exchange rate system prior to late $1983,$ but now is on a fixed exchange rate system.
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"The abandonment of fixed exchange rates after 1973 has led countries to pursue more independent monetary policies." Is this statement true, false, or uncertain? Explain your answer.
"The abandonment of fixed exchange rates after 1973 has meant that countries have pursued more independent monetary policies." Is this statement true, false, or uncertain? Explain your answer
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