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Assertion: There was a collapse of the system of fixed exchange rates.
Reason: From the 1960s, the rising costs of its overseas involvements weakened the US’s finances and competitive strength. It could not command confidence as the world’s principal currency.
Reason: From the 1960s, the rising costs of its overseas involvements weakened the US’s finances and competitive strength. It could not command confidence as the world’s principal currency.
- a)Both A and R are true and R is the correct explanation of A
- b)Both A and R are true but R is not the correct explanation of A
- c)A is correct but R is wrong
- d)A is wrong but R is correct
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Assertion: There was a collapse of the system of fixed exchange rates....
Dollar's position as the world's reserve currency, leading to pressure on the fixed exchange rate system.
This assertion and reason are both correct. The fixed exchange rate system, which was established after World War II, relied heavily on the US dollar as the world's reserve currency. However, the rising costs of the Vietnam War and other overseas involvements weakened the US economy, leading to inflation and a loss of confidence in the dollar. Other countries began to demand gold in exchange for their US dollars, which put pressure on the fixed exchange rate system. Ultimately, the system collapsed in the early 1970s, and many countries moved towards floating exchange rates.
This assertion and reason are both correct. The fixed exchange rate system, which was established after World War II, relied heavily on the US dollar as the world's reserve currency. However, the rising costs of the Vietnam War and other overseas involvements weakened the US economy, leading to inflation and a loss of confidence in the dollar. Other countries began to demand gold in exchange for their US dollars, which put pressure on the fixed exchange rate system. Ultimately, the system collapsed in the early 1970s, and many countries moved towards floating exchange rates.
Community Answer
Assertion: There was a collapse of the system of fixed exchange rates....
Option A is correct
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Assertion: There was a collapse of the system of fixed exchange rates.Reason: From the 1960s, the rising costs of its overseas involvements weakened the US’s finances and competitive strength. It could not command confidence as the world’s principal currency.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer?
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Assertion: There was a collapse of the system of fixed exchange rates.Reason: From the 1960s, the rising costs of its overseas involvements weakened the US’s finances and competitive strength. It could not command confidence as the world’s principal currency.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Assertion: There was a collapse of the system of fixed exchange rates.Reason: From the 1960s, the rising costs of its overseas involvements weakened the US’s finances and competitive strength. It could not command confidence as the world’s principal currency.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Assertion: There was a collapse of the system of fixed exchange rates.Reason: From the 1960s, the rising costs of its overseas involvements weakened the US’s finances and competitive strength. It could not command confidence as the world’s principal currency.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer?.
Assertion: There was a collapse of the system of fixed exchange rates.Reason: From the 1960s, the rising costs of its overseas involvements weakened the US’s finances and competitive strength. It could not command confidence as the world’s principal currency.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Assertion: There was a collapse of the system of fixed exchange rates.Reason: From the 1960s, the rising costs of its overseas involvements weakened the US’s finances and competitive strength. It could not command confidence as the world’s principal currency.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Assertion: There was a collapse of the system of fixed exchange rates.Reason: From the 1960s, the rising costs of its overseas involvements weakened the US’s finances and competitive strength. It could not command confidence as the world’s principal currency.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Assertion: There was a collapse of the system of fixed exchange rates.Reason: From the 1960s, the rising costs of its overseas involvements weakened the US’s finances and competitive strength. It could not command confidence as the world’s principal currency.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 10.
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Assertion: There was a collapse of the system of fixed exchange rates.Reason: From the 1960s, the rising costs of its overseas involvements weakened the US’s finances and competitive strength. It could not command confidence as the world’s principal currency.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Assertion: There was a collapse of the system of fixed exchange rates.Reason: From the 1960s, the rising costs of its overseas involvements weakened the US’s finances and competitive strength. It could not command confidence as the world’s principal currency.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Assertion: There was a collapse of the system of fixed exchange rates.Reason: From the 1960s, the rising costs of its overseas involvements weakened the US’s finances and competitive strength. It could not command confidence as the world’s principal currency.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Assertion: There was a collapse of the system of fixed exchange rates.Reason: From the 1960s, the rising costs of its overseas involvements weakened the US’s finances and competitive strength. It could not command confidence as the world’s principal currency.a)Both A and R are true and R is the correct explanation of Ab)Both A and R are true but R is not the correct explanation of Ac)A is correct but R is wrongd)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Class 10 tests.
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