Answered: Up until the 1970s, the US dollar was…

Business

Economics

Up until the 1970s, the US dollar was backed by what commodity? 1. Diamonds 2. Silver 3. Oil 4. Gold

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter22: International Finance

Section22.2: Flexible Exchange Rate

Problem 1ST

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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

Up until the 1970s, the US dollar was backed by
what commodity?
1.
Diamonds
2.
Silver
3.
Oil
4.
Gold

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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