Multiple Choice
Under a gold standard
A) there cannot be a balance of payments deficit.
B) there cannot be a balance of payments surplus.
C) balance of payments imbalances should be quickly corrected by gold flows.
D) countries must sterilize all gold transactions.
Correct Answer:

Verified
Correct Answer:
Verified
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Q14: The Bretton Woods System was a:<br>A)gold standard<br>B)managed
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