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Question #47737

In 1971, most countries ?

Options:

A) adopted a new system of fixed exchange rates

B) gave up trying to fix exchange rates formally and began allowing them to be determined essentially by supply and demand

C) adopted single internationally accepted currency whose use is limited to international transactions

D) returned to the gold standard

Answer: In 1971, most countries gave up trying to fix exchange rates formally and began allowing them to be determined essentially by supply and demand.

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