Which of the Following Observations Is True of the Bretton

question 63

Multiple Choice

Which of the following observations is true of the Bretton Woods agreement?

• A)All countries participating were required to exchange their currencies for gold.
• B)Devaluation was accepted as a tool of competitive trade policy.
• C)All participating countries agreed to try to maintain the value of their currencies within 10 percent of the par value by buying or selling currencies as needed.
• D)Devaluation of up to 10 percent would be allowed without any formal approval by the IMF.

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Definitions:

Accounting Technicians

Professionals skilled in recording & managing financial transactions and preparing financial statements.

Decrease Of

Refers to the reduction in the amount, quantity, or extent of something.

Percent Less

A term used to indicate a reduction or discount applied to a price or value, expressed as a percentage of the original amount.

Percent More

A comparative measure indicating how much higher one quantity is than another, expressed as a percentage.