Under the Bretton Woods System, a Country Could Alter Its

question 96

Multiple Choice

Under the Bretton Woods system, a country could alter its exchange rate

• A) by changing its value relative to gold.
• B) whenever it determined that there was a fundamental disequilibrium.
• C) only when the IMF permitted due to a fundamental disequilibrium.
• D) under no circumstances.

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Definitions:

Friction

The resistance that one surface or object encounters when moving over another, often generating heat.

Immobilize

To restrict the movement of a part of the body or an object, often to prevent further injury or to allow healing.

Action

The process of doing something, typically to achieve an aim or to deal with a problem.

RICE

Abbreviation for rest, ice, compression, elevation, referring to the treatment for sprains and strains.