Under the Bretton Woods System

question 10

Multiple Choice

Under the Bretton Woods system

• A)there was an explicit set of rules about the conduct of international monetary policies.
• B)each country was responsible for maintaining its exchange rate within 1 percent of the adopted par value by buying or selling foreign exchanges as necessary.
• C)the U.S. dollar was the only currency that was fully convertible to gold.
• D)all of the above

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Definitions:

Straw Man

A fallacy where an opponent's argument is misrepresented to be easily attacked or refuted.

Diversion

A tactic used in argumentation to distract from the main issue by shifting attention to an unrelated subject.

Ignorance

Ignorance is the state of being unaware, uninformed, or lacking knowledge about something specific or in general.

Evidence

Information or data presented in support of an assertion, argument, or as a basis for belief.