Multiple Choice
Which of the following does not apply to the Bretton Woods Agreement of 1944?
A) The developments surrounding the agreement have heightened the importance of how translation of foreign-based operations should be handled.
B) It established controlled exchange rates worldwide.
C) It allowed monetary authorities to buy or sell gold or foreign exchange with the intent of maintaining an allowable exchange rate fluctuation.
D) It collapsed in 1971 resulting in freer and more volatile exchange rate fluctuations.
Correct Answer:
Verified
Correct Answer:
Verified
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