Which statement identifies the impact of richard nixon’s economic policies on the world?

nixon’s decision to discontinue the use of the gold standard promoted international investment in the international monetary fund.

nixon’s change in currency exchange between nations led trading partners to make monetary reforms.

nixon’s decision to convert to a fiat currency led trading partners to invest in the federal reserve bank.

nixon’s economic policies led the soviet union to overspend, leading to an end of the cold war.

The correct answer is A) Nixon decision to discontinue the use of the gold standard promoted international investment in the International Monetary Fund.

The statement that identifies the impact of Richard Nixon's economic policies on the world is "Nixon decision to discontinue the use of the gold standard promoted international investment in the International Monetary Fund."

President Nison got rid of the gold standard on August 15, 1971. To the surprise of many, he announced that the U.S. dollar was not going to be convertible into gold in the foreign markets. When Nixon discontinued the use of gold standard, international investors invested in different markets and in the International Monetary Fund.