The 1971 Nixon Shock and Gold Standard Quiz

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The 1971 Nixon Shock and Gold Standard: a General level Economics quiz. Test your knowledge with 15 questions!
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Questions

Question 1
What happened in 1971 regarding the US dollar?
A It was abolished
B It was renamed
C Gold convertibility ended
D It became silver-backed
Question 2
The 1971 event is commonly known as:
A The Oil Crisis
B The Tech Boom
C The Great Depression
D The Nixon Shock
Question 3
Before 1971, the dollar was pegged to:
A Gold
B Oil
C Steel
D Bitcoin
Question 4
Which system ended with the Nixon Shock?
A Feudalism
B The Silk Road
C Bretton Woods
D Socialism
Question 5
The gold standard provided what for currencies?
A Infinite supply
B Fixed value
C Zero value
D Digital tracking

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