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What the gold standard system of exchange rates was

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Problem 1: The gold standard system of exchange rates:was, in practice,

Option 1: a flexible exchange rate system.

Option 2: fixed the value of each nations' currency in terms of a specific quantity of gold.

Option 3: allowed nations full control over the amount of the domestic currency in circulation.

Option 4: all of the above.

Reference no: EM132695217

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