Under the Bretton Woods System, a Country with a Balance

question 142

Multiple Choice

Under the Bretton Woods system, a country with a balance of payments deficit

• A)could get loans from the U.S.government.
• B)could devalue if deflationary policies failed to eliminate the deficit.
• C)was not allowed to devalue under any circumstance.
• D)was required to devalue its currency immediately.

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Definitions:

Timer Instructions

Commands in a programming language or control system for measuring time intervals or scheduling the execution of tasks.

On-Delay Nonretentive Timer

An electrical control function that delays the energizing of a circuit for a set period after a signal is received, but does not retain the timing interval in case of power loss.

Retentive Timers

Timers in a PLC that retain their value even after a loss of power or when the controlling signal is turned off.