Which of the following is NOT a benefit of derivatives?

Beginning in the early 1970s, many nations abandoned their dollar standard and moved toward a system of:

A) fixed exchange rates based on gold. B) fixed exchange rates based on the Deutsche Mark. C) floating exchange rates. D) real money systems in which currencies were backed by government bonds.

Trade between two nations:

A) results in the maximization of total production. B) reduces global production. C) leads to a maximization of production in one nation and minimization of production in the other. D) is inefficient compared to when both do not indulge in international trade.