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Pre-Test Chap 38 e18 - Pre-Test Chap 38 e18 Student 1 The...

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Pre-Test Chap 38 e18 Student: ___________________________________________________________________________ 1. The Bretton Woods Agreement featured a system of: A. Freely floating exchange rates B. Fixed exchange rates based on the gold standard C. Free international trade based on reduced tariffs and quotas D. Adjustable-peg exchange rates, managed by central monetary authorities in trading nations It shows supply and demand schedules for the European euro. Assume that exchange rates are flexible. 2. Refer to the above table. At equilibrium what will be the euro rate of exchange for one U.S. dollar? A. .95 euro B. 1.00 euros C. 1.11 euros D. 1.23 euros 3. Consider the currency market for Japanese yen and U.S. dollars. An increase in the supply of Japanese yen results in: 4. Which was characteristic of international trade in most years from 1879-1934? 5. If the United States wants to regain ownership of domestic assets sold to foreigners, it will have to:
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