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

question 59

Multiple Choice

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

• A) lost; expansionary
• B) lost; contractionary
• C) gained; expansionary
• D) gained; contractionary

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Definitions:

Lithosphere

The hard external layer of Earth, made up of the crust and the top section of the mantle.

Driving Forces

Factors or energies that lead to changes in a physical system or environment, often initiating or influencing processes.

Resisting Forces

Forces that oppose motion or movement, including friction, air resistance, and tension, which work against the direction of motion.

Plate Tectonics

A theory in which the lithosphere is divided into a number of mostly rigid plates that move relative to one another, causing tectonic activity along these boundaries.