Global Markets Quiz 3

1

The 'Gold Exchange' standard was established in when leaders of allied nations met at a conference in , New Hampshire. Under the system, the US dollar was fixed at $US per ounce of gold.

2

On 15 August , the Nixon Government suspended the USD link to gold.

3

The system was replaced in with the introduction of the .

4

In 1978, the (EMS) was established, defining a new currency unit: the (ECU) and the formation of the (ERM) in 1979.

5

It was the signing of the Treaty on 7 February 1992 which ultimately led to the creation of the (EMU) and the creation of the .

6

In 1967 the AUD was pegged to the . A new regime was adopted in September 1974, which involved maintaining a constant value of the (TWI). From November 1976 until December 1983, it was set in terms of a ' ' system.

7

(CLS) allows the simultaneous settlement of different currencies amounts at a single location.

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