A fixed exchange rate system where central banks buy and sell gold to keep exchange rates at a given level is called the:

A) fixed standard.
B) flexible standard.
C) fiat standard.
D) gold standard.

D

Economics

You might also like to view...

Models of growth that account for technological progress are part of

A) creative destruction theory. B) growth accounting. C) new growth theory. D) all of the above.

Economics

If a tax of $1 a can is imposed on the buyers of sugary drinks, the demand for sugary drinks ______ and the price that buyers pay ______

A. doesn't change; doesn't change B. doesn't change; rises by $1 a can C. decreases; rises by more than $1 a can D. decreases; rises by less than $1 a can

Economics