The International Monetary Fund was created
A) in 1945 by the Bretton Woods Agreement.
B) to collect money from member countries that were running balance of payments deficits.
C) in 1971 when President Richard Nixon signed the Bretton Woods Agreement.
D) in the aftermath of World War II to help nations move off of the gold standard.
A
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The circular flow model is used to show the
A) flow of renewable natural resources. B) expansions and contractions of economic activity. C) recycling process of production materials. D) flow of expenditures and incomes in the economy. E) flow of supply and the flow of demand.
The figure above shows the market for annual influenza immunizations the United States. Area B is the
A) gain in efficiency from the illustrated subsidy. B) remaining deadweight loss when there is the illustrated subsidy. C) deadweight loss when there is not the illustrated subsidy. D) equilibrium with the illustrated subsidy. E) loss in efficiency from the illustrated subsidy.