The Bretton Woods Conference accomplished all of the following except _____.
(A) Establishing the World Bank.
(B) Making financial arrangements for the post-World War II world.
(C) An agreement to "peg" foreign currencies to the U.S. dollar.
(D) Establishing the International Monetary Fund.
Ans: (A) Establishing the World Bank.
You might also like to view...
In the figure above, one factor NOT responsible for the decline in the demand for money is
A) a decline the price level. B) a decline in income. C) an increase in income. D) a decline in the expected inflation rate.
With a pure gold standard
A) a nation may not pursue an independent monetary policy. B) an inflow of gold will reduce the money supply of a country. C) there will be a tendency for a too rapid increase in the volume of world trade. D) a balance of payments deficit will lead to an increase in the domestic price level.