Following the Demise of the Bretton Woods System,the IMF

question 27

Multiple Choice

Following the demise of the Bretton Woods system,the IMF

• A)created a new role for itself,providing loans to countries facing balance-of-payments and exchange rate difficulties.
• B)ceased to exists,since the era of fixed exchange rates had ended.
• C)became the sole agent responsible for maintaining fixed exchange rates.
• D)became the central bank of the United Nations.

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Quixotic Character

An individual who is idealistic and unrealistic, often pursuing lofty goals despite practical challenges, inspired by the literary character Don Quixote.

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