Which of the following is true regarding Bretton Woods Agreement EXCEPT _______. A. silver replaces gold as the medium of exchange B. every currencies are backed by gold C. declaring fixed exchange rates between currencies D. government intervention to limit exchange rates fluctuation above or below their initially established levels
Which of the following is true regarding Bretton Woods Agreement EXCEPT _______. A. silver replaces gold as the medium of exchange B. every currencies are backed by gold C. declaring fixed exchange rates between currencies D. government intervention to limit exchange rates fluctuation above or below their initially established levels
Chapter2: International Flow Of Funds
Section: Chapter Questions
Problem 5QA
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Question
Which of the following is true regarding Bretton Woods Agreement EXCEPT _______.
A.
silver replaces gold as the medium of exchange
B.
every currencies are backed by gold
C.
declaring fixed exchange rates between currencies
D.
government intervention to limit exchange rates fluctuation above or below their initially established levels
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