Currency-exchange controls were implemented in the 1930s for all of the following reasons EXCEPT

Question

Quizplus · Accepted Answer

Currency-exchange controls in the 1930s were primarily aimed at protecting domestic economies, managing the balance of payments, and dealing with the absence of a global central bank role by Britain or the US. Encouraging imports and reducing exports was not a goal; rather, many countries aimed to reduce imports and protect domestic industries.

Currency-Exchange Controls Were Implemented in the 1930s for All of the Following