With the Bretton Woods system of international exchange rates,
A) the value of a country's currency was determined strictly by the laws of supply and demand.
B) the value of a country's currency was determined by its stock of gold.
C) there were fixed exchange rates,and countries were obligated to intervene to maintain the values of their currencies within 1 percent of par value.
D) balance of payments were eliminated.
Correct Answer:
Verified
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A)a Type of floating
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Q74: The Bretton Woods Agreement established the
A)gold standard.
B)system
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A)real
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A)a nation may
Q257: The international financial market moved towards equilibrium
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