Under the Bretton Woods System,a Country Running a Balance of Payments

question 65

Multiple Choice

Under the Bretton Woods system,a country running a balance of payments ________ lost international reserves,and had to implement ________ monetary policy to strengthen its currency.

• A) surplus; expansionary
• B) surplus; contractionary
• C) deficit; expansionary
• D) deficit; contractionary

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Definitions:

Buyer

An individual or entity that purchases goods or services for personal use or consumption.

Good

Represents a tangible product or service that satisfies some human want or need.

Complements

Goods or services that are used together, such that an increase in demand for one typically increases demand for the other.

Demand for Cream

The consumer interest and willingness to purchase cream, influenced by culinary trends, diet preferences, and availability of substitute products.