A system of fixed exchange rates tended to be higher

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Reference no: EM131302916

1. Evaluate the following argument: "The United States did not really leave the gold standard in 1933. Under the Bretton Woods system, the United States stood ready to redeem U.S. currency for gold at a fixed price, and that is the basic requirement of the gold standard."

2. Why has support for a system of fixed exchange rates tended to be higher in Europe than in the United States?

Reference no: EM131302916

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