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The Promise That Was to Hold the Bretton Woods System

Question 64

Multiple Choice

The promise that was to hold the Bretton Woods system together was the agreement that


A) no industrial country would allow high rates of inflation.
B) foreign central banks would be able to convert U.S. dollars into gold at a fixed price.
C) no country would raise tariffs on the products of other countries.
D) all countries would be willing to redeem their paper currencies for gold.

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