The Fixed Exchange Rates of the Bretton Woods System Were

question 33

Multiple Choice

The fixed exchange rates of the Bretton Woods system were maintained

• A)by central bank interventions in the foreign-exchange market.
• B)by the requirement that short-term interest rates be equalized in all participating countries.
• C)by the requirement that long-term interest rates be equalized in all participating countries.
• D)through the automatic workings of the foreign-exchange market.

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Definitions:

Amelodic

Lacking a coherent melody or not based on traditional harmonic structures.

Subcontraries

In logic, two propositions that can both be true but cannot both be false, used particularly in the context of categorical propositions.

Contradictories

Logical opposites, where one statement denies the truth of the other statement.

Converses

In logic and mathematics, converses refer to statements in which the hypothesis and the conclusion of a conditional statement are swapped.