62.8k views
4 votes
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 German deutsche
mark.
c.floating exchange rates.
d.real money systems in which currencies were
backed by government bonds.

1 Answer

6 votes

The correct answer is: c. floating exchange rates.

User Kgoutsos
by
8.6k points