The Bretton Woods system worked fairly well for a number of years, but it finally broke down over
a. lack of agreement on how to settle the problems of the surplus nations.
b. its inability to devalue the U.S. dollar.
c. the huge debts of the IMF to less-developed countries.
d. the controversies generated by surplus nations wanting to devalue their currencies.
b
Economics
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Foreign exchange activity is dominated by the spot and swaps markets
Indicate whether the statement is true or false
Economics
In most countries the central bank is
A) totally autonomous from the rest of government. B) semi-independent from the rest of the government. C) a part of the private sector. D) subordinate to the rest of government.
Economics