The Bretton Woods System Was Expected to Be More Stable

Multiple Choice

The Bretton Woods system was expected to be more stable than the gold standard because

A) the world supply of gold had increased greatly by the time the Bretton Woods system was established.
B) large trade deficits and surpluses would be unlikely to occur under the Bretton Woods system.
C) fewer countries were involved in the Bretton Woods system than had been involved in the gold standard.
D) the IMF was set up to be a lender of last resort.