Which of the following statements concerning the Bretton Woods Accord is false?
A) The accord was signed in Bretton Woods, New Hampshire in 1944.
B) The accord established fixed exchange rates among the major industrialized nations.
C) The accord created the Bank for International Settlements.
D) Under the accord, the U.S. dollar served as the official reserve currency and was fully convertible to gold.
Correct Answer:
Verified
Q3: The Asian financial crisis of 1997-98 is
Q4: The international money market trades
A)short-term claims.
B)capital market
Q5: Which of the following affects the trading
Q6: Under the Bretton Woods Accord,
A)gold served as
Q7: Under the Bretton Woods agreement, if a
Q9: Devaluation occurs when the monetary authorities
A)reduce the
Q10: Under the Bretton Woods Accord, official government
Q11: Revaluation occurs when monetary authorities
A)increase the value
Q12: Revaluation can
A)affect a country's economy.
B)reduce net exports.
C)have
Q13: The breakdown of the Bretton Woods Accord
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