The IMF's System of Adjustable Parities,under the Auspices of the Bretton

question 77

Multiple Choice

The IMF's system of adjustable parities,under the auspices of the Bretton Woods agreement,allowed for the devaluation of a country's currency of up to _______________ if the IMF agreed that the country's balance of payments is in fundamental disequilibrium.

• A) 10%
• B) 15%
• C) 20%
• D) 25%
• E) 30%

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