Which of the following is correct under the Bretton Woods system?
A) Gold was defined in terms of U.S. dollars and all other currencies were tied to the dollar.
B) This system required active intervention in the foreign-exchange market.
C) The U.S. government was not obligated to exchange dollars for gold at a fixed price.
D) The money supply of a country is controlled by the balance of payments.
E) The dollar was not an important currency.
Correct Answer:
Verified
Q12: A gold standard would tend to stabilize
Q13: The international system of fixed exchange rates
Q14: The international monetary system that was in
Q15: The gold exchange standard is best described
Q16: The Bretton Woods system:
A) allowed countries to
Q18: Under the gold exchange standard:
A) each country's
Q19: Which of the following was not true
Q20: The IMF:
A) provides technical assistance to member
Q21: Which organization is responsible for making loans
Q22: In the Bretton Woods system, countries with
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