A Persistent Shortage or Surplus of a Currency Under the Bretton

question 222

Multiple Choice

A persistent shortage or surplus of a currency under the Bretton Woods system was evidence of

• A)failure to support the existing fixed exchange rate by central banks.
• B)fundamental disequilibrium in the country's exchange rate.
• C)speculation against the currency by speculators in world exchange markets.
• D)all of the above