Under the Bretton Woods agreement,
a. nations could not adjust their exchange rates relative to the dollar for any reason
b. currency values were based on a market basket of European currencies plus the dollar
c. the world monetary system operated exactly like the gold standard of pre-World War II years
d. the dollar was selected as the key reserve currency
e. gold played no role
D
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A Lorenz curve graphs the
A) percentage of income or wealth against the percentage of households. B) cumulative percentage of income or wealth against the cumulative percentage of households. C) cumulative value of income against the cumulative percentage of households. D) percentage of wealth against the percentage of income.
(Last Word) In 2004, Congress passed a corporate tax relief bill with 276 provisions for tax breaks to groups such as restaurant owners, Hollywood producers, and NASCAR track owners. This is an example of the:
A. special-interest effect. B. benefits-received principle. C. paradox of voting. D. principal-agent problem.