The gold standard was symmetric in terms of how countries dealt with balance of payments deficits and surpluses, but the Bretton Woods system was asymmetric in this regard. Explain what this statement means.

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The Answer of The gold standard was symmetric in terms of how countries dealt with balance of payments deficits and surpluses, but the Bretton Woods system was asymmetric in this regard. Explain what this statement means.

The Gold Standard Was Symmetric in Terms of How Countries