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What Did the Classical Gold Standard Era and the Bretton

Question 42

Multiple Choice

What did the classical gold standard era and the Bretton Woods System have in common?


A) They shared the flexibility to adjust exchange rates when currency crises occurred.
B) The world's major powers cooperated in maintaining the system.
C) In both cases a major power (the United States and Soviet Union,respectively) opted out of the system.
D) Both were created in response to devastating wars.

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