VIEW ANSWER FOR PART FOUR : The Price Adjustment Mechanisms with Flexible and Fixed Exchange Rates

a. each nations defines the price of gold in terms of its currency and then stands ready to buy and sell any amount of gold at that price

b. there is a fixed relationship between any two currencies called the mint parity

c. the exchange rate is determined by demand and supply between the gold points and is prevented from moving outside the gold points by gold shipments

d. all of the above

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