Chap002 10 - collapse in the long run. C. was indeed...

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34. The core of the Bretton Woods system was the A. World Bank. B. IMF. C. United Nations. D. Interstate Commerce Commission. 35. The Bretton Woods system was named after A. the treasury secretary of the United States in 1945, Bretton Woods. B. Bretton Woods, New Hampshire, where the Articles of Agreement of the International Monetary Fund (IMF) were hammered out. C. none of the above. 36. The Bretton Woods agreement resulted in the creation of A. the bancor as an international reserve asset. B. the World Bank. C. the Eximbank. D. the Federal Reserve Bank. 37. The Triffin paradox A. was first proposed by Professor Robert Triffin. B. warned that the gold-exchange system of the Bretton Woods agreement was programmed to
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Unformatted text preview: collapse in the long run. C. was indeed responsible for the eventual collapse of the dollar-based gold-exchange system in the early 1970s. D. all of the above are correct 38. Under the Bretton Woods system A. there was an explicit set of rules about the conduct of international monetary policies. B. each country was responsible for maintaining its exchange rate within 1 percent of the adopted par value by buying or selling foreign exchanges as necessary. C. the U.S. dollar was the only currency that was fully convertible to gold. D. all of the above...
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This note was uploaded on 11/09/2011 for the course FIN IFMG201 taught by Professor Eun during the Spring '11 term at Michigan Flint.

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