According to Oatley,the American dollar became the post WWII's foreign exchange system's reserve currency
A) at the insistence of American MNCs.
B) as an unintended consequence of the Bretton Woods system.
C) as an intended consequence of the Bretton Woods system.
D) at the insistence of the IMF.
E) because of the inability of the US government to exchange dollars for gold.
Correct Answer:
Verified
Q35: What are "balance of payment" devices? How
Q36: The Bretton Woods system represented the first
Q37: The IMF was created to limit competitive
Q38: According to Oatley,the fundamental cause of collapse
Q39: Fixed exchange-rates provide exchange rate stability but
Q41: Explain each of the four innovations introduced
Q42: Why was the postwar attempt to create
Q43: What is "dollar overhang" and how did
Q44: How does the IMF stabilization fund work?
Q45: What were the three policy options for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents