To Keep from Running Out of International Reserves Under the Bretton

question 82

Multiple Choice

To keep from running out of international reserves under the Bretton Woods system,a country had to implement ________ monetary policy to ________ its currency.

• A)expansionary;strengthen
• B)expansionary;weaken
• C)contractionary;strengthen
• D)contractionary;weaken

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Definitions:

Intricate Terminology

Specialized and often complex vocabulary associated with a particular field or area of expertise.

Violate Public Policy

To act in a manner that is contrary to the basic policies or principles that society considers important for the collective well-being.

Cancel Policy

refers to the conditions under which a policy, agreement, or contract can be terminated or voided by either party involved.

Refuse to Renew

The decision not to extend a contract, agreement, or policy beyond its current expiration date.