Which of the following options were possible under the Bretton Woods system if a country was experiencing a balance of payments deficit?
(i) Devaluation
(ii) Borrowing from the IMF
(iii) Deflationary fiscal policy
(iv) Deflationary monetary policy
(v) Using reserves
A) (i) , (ii) , (iii) , (iv) and (v)
B) (i) , (iii) and (iv)
C) (i)
D) (ii) , (iii) and (v)
E) (ii) and (iii)
Correct Answer:
Verified
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