Question 7According to, "Exchange Rates-Economics U$A," gold was exported from the USA in the early1930s because:O It could command a higher price overseas.US consumers preferred silver jewelry to gold jewelry.People believed that the US would soon abandon the gold standard.US interest rates were too high relative to its trading partners.Question 8According to, "Exchange Rates-Economics U$A,"after the UK abandoned the gold standard thevalue of the British pound and this caused UK exports to and imports tofall, fall, risefall, fall, fallOrise, fall, risefall, rise, fall----11'

Exchange rate is defined as the price of a country's money in relation to a different country's…

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According to, "Exchange Rates-Economics U$A," gold was exported from the USA in the early 1930s because:

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ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter29: International Finance

Section: Chapter Questions

Problem 8P

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