The Bretton Woods system
a. established a worldwide gold standard
b. established a worldwide system of fixed exchange rates
c. established a worldwide system of flexible exchange rates
d. harmonized tariff systems
e. was restricted to industrialized nations
B
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If in the market for apples the supply has decreased, then
A) the supply curve for apples has shifted to the right. B) there has been a movement upwards along the supply curve for apples. C) there has been a movement downwards along the supply curve for apples. D) the supply curve for apples has shifted to the left.
Trading in collateralized mortgage obligations (CMOs) takes place in the __________ market between __________
A) primary; specialists B) organized exchange; dealers C) over-the-counter; dealers D) primary; Ginnie Mae and Freddie Mac