The Bretton Woods Agreement provided for the devaluation of a currency to enable:
A)countries to lower the prices of goods and services which would boost consumer spending.
B)the United States to increase the concentration of manufacturing industries.
C)countries to competitively manipulate imports and exports.
D)countries to manage temporary but serious downturns.
E)countries to put in effect the best trade practices.

Question

Quizplus · Accepted Answer

The Bretton Woods Agreement allowed for the devaluation of a currency to help countries manage temporary but serious downturns in their economies, providing a mechanism to adjust their currency value to deal with economic challenges.

The Bretton Woods Agreement Provided for the Devaluation of a Currency