Chap002 40 - A. an artificial international reserve...

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44. In the years leading to the collapse of the Bretton Woods system A. it became clear that the dollar was undervalued. B. it became clear that the dollar was overvalued. Topic: Bretton Woods System: 1945-1972 Topic: Evolution of the International Monetary System 45. Under the Bretton Woods system A. each country established a par value for its currency in relation to the dollar. B. the U.S. dollar was pegged to gold at $35 per ounce. C. 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. D. all of the above Topic: Bretton Woods System: 1945-1972 Topic: Evolution of the International Monetary System 46. Special Drawing Rights (SDR) are
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Unformatted text preview: A. an artificial international reserve allotted to the members of the International Monetary Fund (IMF), who can then use it for transactions among themselves or with the IMF. B. a "portfolio" of currencies, and its value tends to be more stable than the currencies that it is comprised of. C. used in addition to gold and foreign exchanges, to make international payments. D. all of the above Topic: Bretton Woods System: 1945-1972 Topic: Evolution of the International Monetary System 47. The Bretton Woods system ended in A. 1945. B. 1973. C. 1981. D. 2001. Topic: Bretton Woods System: 1945-1972 Topic: Evolution of the International Monetary System...
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