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Menarosjeelep
Menarosjeelep Menarosjeelep
  • 04-03-2016
  • Social Studies
Answered

The move from the ____________ was a factor which led to the energy crisis, because OPEC began to price a barrel of oil against gold.

Verified Answer :

WorldlyGlass49
WorldlyGlass49 WorldlyGlass49
  • 16-03-2016

The correct answer should be Global Currencies.

Instead of Oil being valued compared to various currencies, oil was priced according to prices of gold which was priced against dollar, which means that all currencies throughout the world had to be priced according to the dollar.

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