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1. Describe the role of the US dollar in the Bretton Woods system of fixed exchange rates prior to 1973. You may wish to make reference to some of our discussions of central banking in class. 2. Briefly explain the US context, and something about the global context, that led then-President Richard Nixon in 1973 to suspend the convertibility of US dollars into gold. 3. What system has replaced the fixed exchange-rate system that ended in 1973? What advantages and disadvantages does it have, in your opinion, relative to the older system?

Date Posted: 25/10/2021
Category: Finance
Due Date: 26/10/2021
Instruction
Answer each question with a paragraph of about 100 words. Please include a bibliography listing any sources that you use.
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