Multiple Choice
Which of the following was true of the Bretton Woods system?
A) All currencies in the system had floating exchange rates.
B) All currencies were pegged at a fixed rate to the dollar.
C) All currencies were maintained by fixing their prices in terms of gold.
D) All currencies in the system were required to be gold convertible.
Correct Answer:
Verified
Correct Answer:
Verified
Q60: Which of the following is the funding
Q61: The Bretton Woods system used the gold standard
Q62: The foreign exchange market has no central
Q63: Balance of payments and exchange rate policies
Q64: A weak dollar makes it more expensive
Q66: _ allow participants to buy and sell
Q67: Governments adopting the floating exchange rate policy
Q68: An appreciation is an increase in the
Q69: Proponents of fixed exchange rates believe that
Q70: _ is defined as the conversion of