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Under the Bretton Woods System,if a Country Developed a Permanent

Question 35

Multiple Choice

Under the Bretton Woods system,if a country developed a permanent deficit in its balance of trade that could not be corrected by domestic policy,this would require the:


A) country to import more than it exports.
B) World Bank to provide soft loans to the country.
C) IMF to agree to a currency devaluation.
D) country to let its currency appreciate.

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