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

question 78

Multiple Choice

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

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

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Definitions:

Bootstrapping

Starting a business with minimal financial resources and relying on one's own efforts and funds rather than seeking significant external funding.

Customer Base

The group of customers who repeatedly purchase the goods or services of a business, representing the business's main source of revenue.

Crowdfunding

Securing capital for a project or business by requesting small financial contributions from a large group of individuals, mainly via online channels.

Product Pitch

A presentation or argument made to potential customers or investors, highlighting the benefits and value of a product.