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18. From 1944 to 1971, the exchange rate between any two currencies was typically: a....

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Finance

18. From 1944 to 1971, the exchange rate between any two currencies was typically:

a. fixed within narrow boundaries.

b. floating, but subject to central bank intervention.

c. floating, and not subject to central bank intervention.

d. nonexistent; that is currencies were not exchanged, but gold was used to pay for all foreign transactions.

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