Which of the following statements is NOT true?
A) The Gold Standard Era was characterized by growing openness in trade, but limited capital mobility.
B) The time period between world wars 1 and 2 (the inter war years) witnessed significant reductions in trade barriers and a rapid acceleration in international trade.
C) The Bretton Woods Era (post WWII) realized the increasing benefits of open economies. Furthermore, trade was increasingly dominated by capital.
D) Since March 1973, exchange rates have become much more volatile and less predictable than previous periods.
Answer: B
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When an agent terminates an agency arrangement, the agent's action is called:
A) Rejection of authority. B) Reaffirmation of authority. C) Reacquisition of authority. D) Revocation of authority. E) Renunciation of authority.
A systemic risk is a risk that
A) can be eliminated through diversification. B) can be the cause of the collapse of an entire system. C) can be insured privately. D) can be easily contained so that it does not spread.