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Which of the Following Statements Is Correct

Question 73

Multiple Choice

Which of the following statements is correct?


A) A devaluation of the British pound would result in more dollars to the pound.
B) A revaluation of the British pound would raise the prices of U.S. goods in Britain.
C) A devaluation of the British pound would lower the prices of British goods in the United States.
D) Revaluations and devaluations of a country's currency were not allowed under the Bretton Woods system.

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