Multiple Choice
The present floating exchange rate system was
A) designed by the IMF and implemented flawlessly in 1973.
B) established by the major trading nations in 19721 after Nixon closed the gold window.
C) implemented in tandem with a reintroduction of the gold standard.
D) established after several trials in which central bankers set rates incorrectly and speculators corrected them in the markets, and formalized after the fact in the IMF's Jamaica Agreement.
Correct Answer:
Verified
Correct Answer:
Verified
Q74: In the Bretton Woods system,par value was
Q75: _ currencies can move against one another
Q76: A vehicle currency is a currency<br>A) used
Q77: Global foreign currency exchanges transactions total over
Q78: _ is the amount of adjustment that
Q80: The international monetary systems consists of<br>A) institutions,
Q81: The balance of payments (BOPs)is a record
Q83: Withholding tax is<br>A) an indirect tax paid
Q84: In the gold standard,trade imbalances were corrected
Q86: The balance-of-payments account is a record of:<br>A)