The Bretton Woods Conference accomplished all of the following except _____.
(A) Establishing the World Bank.
(B) Making financial arrangements for the post-World War II world.
(C) An agreement to "peg" foreign currencies to the U.S. dollar.
(D) Establishing the International Monetary Fund.
Ans: (A) Establishing the World Bank.
You might also like to view...
Rapid growth of the money supply might seem appropriate to ________ economists, because ________
A) Keynesian; it can hasten the economy's return to a long-run equilibrium B) Keynesian; the resulting inflation will have no effect on real output C) classical; stabilizing fluctuations contributes to long-run growth D) classical; it will make prices more flexible E) none of the above
Why is limited liability so important when firms try to raise large amounts of financial capital? How is this advantage of a corporation tied to a disadvantage of a corporation?
What will be an ideal response?
A deadweight loss is the loss to society of not producing the supply-and-demand determined level of output
Indicate whether the statement is true or false
The M2 measure of money consists of the sum of:
A. currency, checking and savings deposits. B. M1, savings deposits, small time deposits, and money market mutual funds. C. currency, checking and savings deposits, and small time deposits. D. savings deposits, small time deposits, and money market mutual funds.