Which of the following did NOT lead to the collapse of Bretton Woods?
A) ample supplies of gold
B) collapse of capital controls
C) the Vietnam War
D) unwillingness to peg to the U.S. dollar
Ans: A) ample supplies of gold
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There is a positive relationship between the demand for loanable funds and the real interest rate
Indicate whether the statement is true or false
What is the output gap? How does it change when the economy goes into recession?
What will be an ideal response?
The "law" of demand can be best described by
A) people will buy things that they enjoy. B) if incomes rise, people will buy more. C) a rise in price will cause shortages. D) a fall in price will increase quantity demanded.
If the Fed wishes to increase the money supply, it could:
A. buy bonds. B. increase the reserve requirement. C. increase the discount rate. D. print more currency.