Figure 30-10 -Refer to Figure 30-10. Under the Bretton Woods System of Woods

question 181

Multiple Choice

Figure 30-10
-Refer to Figure 30-10. Under the Bretton Woods System of exchange rates, if the par exchange rate was $2 per pound in the figure above, and equilibrium persisted at $3, then this was evidence of ________ and the IMF would allow a ________ in the exchange rate.

• A) fundamental disequilibrium; revaluation
• B) fundamental disequilibrium; devaluation
• C) fundamental overvaluation; devaluation
• D) fundamental overvaluation; revaluation

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Definitions:

Entries

Entries are items listed or recorded in a document, diary, computer system, or other organizational scheme.

Lewis and Clark

Explorers Meriwether Lewis and William Clark, who led the early 19th-century expedition across the western portion of the United States, commissioned by President Thomas Jefferson.

Sacajawea

A Lemhi Shoshone woman who helped the Lewis and Clark Expedition achieve their chartered mission objectives by exploring the Louisiana Territory.

Shoshone Indian

A member of a Native American tribe originally living in the western United States.