Chap002 41 - the SDR. C. its value tends to be as stable as...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
48. Since the end of the fixed exchange rate system of the Smithsonian agreement A. exchange rates were revalued in the Bretton Woods agreement. B. exchange rates have been allowed to float. C. the United States returned to a gold standard. D. the zone of monetary stability has been limited to the U.S., Canada, and Mexico. Topic: Bretton Woods System: 1945-1972 Topic: Evolution of the International Monetary System 49. Since the SDR is a "portfolio" of currencies A. its value tends to be more stable than the value of any of the individual currencies included in the SDR. B. its value tends to be less stable than the value of any of the individual currencies included in
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: the SDR. C. its value tends to be as stable as the average of the individual currencies included in the SDR. D. none of the above Topic: Bretton Woods System: 1945-1972 Topic: Evolution of the International Monetary System 50. Put the following in correct date order: A. Jamaica Agreement, Bretton Woods Agreement, Smithsonian Agreement. B. Smithsonian Agreement, Bretton Woods Agreement, Jamaica Agreement. C. Bretton Woods Agreement, Smithsonian Agreement, Jamaica Agreement. D. Bretton Woods Agreement, Jamaica Agreement, Smithsonian Agreement. Topic: Evolution of the International Monetary System Topic: The Flexible Exchange Rate System...
View Full Document

Ask a homework question - tutors are online