Which of the Following Are True Statements About the Bretton

question 31

Multiple Choice

Which of the following are true statements about the Bretton Woods system?

• A) The Bretton Woods system was a fixed exchange rate regime, in which central banks bought and sold their own currencies to keep their exchange rates fixed.
• B) To maintain fixed exchange rates when countries had balance of payments deficits and were losing international reserves, the IMF would loan deficit countries international reserves contributed by other members.
• C) The German mark was called a reserve currency because it was used to denominate the securities central banks held as international reserves.
• D) All of the above are true.
• E) Only A and B of the above are true.

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Definitions:

Uncommunicative

Lacking the willingness or ability to talk or share information.

Vulnerable

A state of being open to harm, damage, or exploitation due to a lack of protection or strength.

Balance of Probabilities

The standard of evidence in civil trials, where a case is decided in favor of the party whose claim is more likely to be true.

Writ

A formal legal document issued by a court or judicial officer commanding the performance of a specific act.