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quiz 7 - ViewAttempt1of1 Title Started Submitted Timespent...

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View Attempt 1 of 1  Title: Quiz_7 Started: April 13, 2009 3:13 PM Submitted: April 13, 2009 3:35 PM Time spent: 00:22:40  Total score: 80/100 = 80%   Total score adjusted by 0.0  Maximum possible score: 100  1. Quiz 7_Q1   A devaluation is when a country:     Student  Response Value Correct  Answer Feedback a.  allows its  currency’s  value to  float. 0%      b.  raises the  fixed value  of its  currency. 0%      c.  lowers the  fixed value  of its  currency. 100%      d.  allows its  currency  value to be  set by the  market. 0%         Score: 10/10    2. Quiz 7_Q2

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Suppose that on the gold standard, the U.S. fixes the price of an ounce of gold at  \$25. Great Britain fixes the price of gold at £16 per ounce. What is the implied  exchange rate between the dollar and the pound?     Student  Response Value Correct  Answer Feedback a.  £1.5625 /  \$ 0%      b.  \$0.65 / £ 0%      c.  \$1.5625 /  £ 100%      d.  £0.65 / \$ 0%      e.  none of  the above 0%         Score: 10/10    3. Quiz 7_Q3
The organization that was founded to lend reserves to member countries

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