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

question 59

Multiple Choice

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

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

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Definitions:

Manufacturer

A company or person that produces finished goods from raw materials in large quantities through various processes.

Ready For Sale

Indicates items or products are in a condition where they can be offered to customers for purchase.

Inventory Turnover

A financial ratio that measures how quickly a company sells and replaces its stock of goods within a period.

Cost Of Goods Sold

Direct financial commitments involved in producing the goods a company sells, covering materials and labor expenses.