Under a gold standard, if Britain exported more to France than France exported to Great Britain,
A) such international imbalances of payment will be corrected automatically.
B) this type of imbalance will not be able to persist indefinitely.
C) net export from Britain will be accompanied by a net flow of gold in the opposite direction.
D) all of the above
Correct Answer:
Verified
Q21: Suppose that the British pound is pegged
Q22: The Bretton Woods system was named after
A)the
Q22: The Bretton Woods agreement resulted in the
Q23: At the outbreak of World War I
A)major
Q25: Suppose that Britain pegs the pound to
Q27: During the period between World War I
Q28: The Triffin paradox
A)was first proposed by Professor
Q31: During the period between World War I
Q33: Under the Bretton Woods system each country
Q35: The core of the Bretton Woods system
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