Under the Bretton Woods System,the Par Rate Per British Pound

question 207

Multiple Choice

Under the Bretton Woods System,the par rate per British pound was defined as a fixed number of US dollars per pound.If this were set above its equilibrium value,then

• A) the British central bank would have to sell pounds for US dollars.
• B) a surplus of pounds would exist.
• C) the demand for pounds would exceed the supply of pounds.
• D) the British central bank would have to buy pounds with US dollars.

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Definitions:

Aqueous Humor

is a clear fluid located in the front and between the lens and the cornea of the eye, helping to maintain intraocular pressure and provide nutrients to the eye tissues.

Anterior Cavity

A body cavity located at the front part of the body, which includes the thoracic and abdominopelvic cavities, housing major organs.

Fovea Centralis

A small depression in the retina of the eye where visual acuity is highest, owing to a high density of cones.

Peripheral Portions

The outer regions or edges of an area or structure, often contrasted with the central or core areas.