The breakdown of the Bretton Woods system occurred because
a. the world economy was basically unhealthy
b. the collapse of world gold production undermined the operation of the system
c. the dollar was undervalued
d. the dollar was overvalued
e. the ten richest countries in the world refused to cooperate any longer
D
Economics
You might also like to view...
A change in which of the following changes the supply of dollars and shifts the supply curve of dollars?
I. an increase in the exchange rate II. a change in interest rates III. a decrease in the expected future exchange rate A) I B) I and II C) II and III D) I, II, and III
Economics
Which of the following equations describes government saving?
A) T - TR - INT - G B) T - TR - INT + G C) T - TR + INT - G D) T - TR + INT + G
Economics