The IMF's system of adjustable parities,under the auspices of the Bretton Woods agreement,allowed for the devaluation of a country's currency of up to _______________ if the IMF agreed that the country's balance of payments is in fundamental disequilibrium.
A) 10%
B) 15%
C) 20%
D) 25%
E) 30%

Question

Quizplus · Accepted Answer

Under the Bretton Woods system, a country could devalue its currency by up to 10% without needing IMF approval, but larger devaluations required IMF agreement.

The IMF's System of Adjustable Parities,under the Auspices of the Bretton