Under the Bretton Woods Exchange Rate System, Set Up in 1944

question 96

Multiple Choice

Under the Bretton Woods exchange rate system, set up in 1944, which of the following was true?

• A)Americans could sell their dollars to the American government in exchange for gold.
• B)Americans could sell their dollars to the American government in exchange for silver.
• C)Americans could sell their dollars to foreign central banks in exchange for gold.
• D)Foreign central banks could sell their dollars to the American government in exchange for gold.
• E)Americans were required to pay for imports from other countries with gold.

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Definitions:

Provision of Credit Cards

The process or service offered by financial institutions that involves issuing credit cards to consumers, enabling them to purchase goods and services on credit.

Financial Arrangements

Agreements or plans made to handle the financial aspects or transactions of a deal, project, or partnership.

Utility

In economics, the total satisfaction received from consuming a good or service.

Key Objectives

Essential goals or targets that an organization, project, or individual plans to achieve within a specific timeframe.