What is the major reason for the increased volatility of both exchange rates and

ID: 1194986 • Letter: W

Question

What is the major reason for the increased volatility of both exchange rates and net exports after 1973?

a move toward fixed exchange rates in the world economy

a move toward flexible exchange rates in the world economy

the increased use of the dollar as an "international" currency

the movement toward the gold standard

a move toward fixed exchange rates in the world economy

a move toward flexible exchange rates in the world economy

the increased use of the dollar as an "international" currency

the movement toward the gold standard

Answer a move toward flexible exchnge rte in the world economy because under flexible exchange rate, there is greater volatility.

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