Under the Bretton Woods Accord, If a Country Other Than

question 56

Multiple Choice

Under the Bretton Woods Accord, if a country other than the U.S. ran a trade deficit or experienced a capital outflow, there was

• A)upward pressure on the exchange rate and the foreign central bank had to purchase its own currency with dollars.
• B)upward pressure on the exchange rate and the foreign central bank had to purchase dollars with its own currency.
• C)downward pressure on the exchange rate and the foreign central bank had to purchase dollars with its own currency.
• D)downward pressure on the exchange rate and the foreign central bank had to purchase its own currency with dollars.

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Definitions:

Menander

An Ancient Greek playwright of the New Comedy period, renowned for his character-driven plots and influence on Roman comedy.

Alcibiades

A charismatic and controversial Athenian statesman and general, known for his shifting political allegiances during the Peloponnesian War and for his impact on Athens' military and political strategies.

Achilles

A legendary Greek hero of the Trojan War, known for his unmatched strength, bravery, and the story of his only vulnerable spot, his heel.

Linear Perspective

An artistic technique that creates the illusion of depth and volume on a flat surface by depicting objects smaller as their distance from the observer increases.