The Bretton Woods Agreement
A) fixed the value of the U.S. dollar relative to gold.
B) fixed the value of the U.S. dollar relative to the euro.
C) required foreign central banks to hold certain minimum amounts of gold as foreign exchange reserves.
D) required member nations, other than the United States, to disband their central banks.
A
Economics
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With international trade, a country will export tires. Prior to international trade, the quantity of tires produced in the country ________ the quantity of tires consumed in the country
A) must be more than B) must be less than C) might be more than, less than, or equal to D) must equal
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Refer to Figure 14.3. To maximize economic rent, the labor union will agree to wage rate:
A) W0. B) W1. C) W2. D) W3. E) none of the above
Economics