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Questions and Answers
Which countries were included in the Bretton Woods system?
Which countries were included in the Bretton Woods system?
- United States, Mexico, Brazil, Argentina
- United States, India, South Africa, United Kingdom
- United States, Canada, Western European countries, Australia (correct)
- United States, China, Russia, Japan
What was the purpose of the Bretton Woods system?
What was the purpose of the Bretton Woods system?
- To establish rules for commercial relations among independent states (correct)
- To control the price of gold bullion
- To prevent balance of payments surpluses
- To promote competitive devaluations
What did the Bretton Woods system require countries to guarantee?
What did the Bretton Woods system require countries to guarantee?
- Convertibility of their currencies into other countries' currencies
- Convertibility of their currencies into commodities
- Convertibility of their currencies into gold bullion
- Convertibility of their currencies into U.S. dollars (correct)
At what rate was the U.S. dollar convertible to gold bullion under the Bretton Woods system?
At what rate was the U.S. dollar convertible to gold bullion under the Bretton Woods system?
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What institution was established to monitor exchange rates and lend reserve currencies under the Bretton Woods system?
What institution was established to monitor exchange rates and lend reserve currencies under the Bretton Woods system?
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