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AP Macroeconomics
Unit 6 – Open Economy – International Trade and Finance
Topic 6.2
What was a key problem with the gold standard?
Insufficient supply of gold to support exchange rates
Unstable demand for goods and services
Excessive speculation in the foreign exchange market
Lack of flexibility in exchange rates
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AP Macroeconomics - 6.2 Exchange Rates
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Gold standard
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About Fiveable
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Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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