The Bretton Woods system relied on
A) a flexible exchange-rate system.
B) a floating exchange-rate system.
C) a fixed exchange-rate system.
D) an exchange-rate union.
C
You might also like to view...
Suppose the price elasticity of teenagers' demand for cigarettes is 2.0. If the government imposes a tax on cigarettes that raises the price by 10 percent, by how much will it reduce teenaged smoking?
A) by 5 percent B) by 10 percent C) by 15 percent D) by 20 percent
If the supply of skilled workers is increased such that it is equal to the supply of unskilled workers, we can expect:
a. wages of skilled workers to be equal to wages of unskilled workers. b. wages of skilled workers to be lower than wages of unskilled workers. c. wages of skilled workers to be higher than wages of unskilled workers. d. wages of unskilled workers to fall from its current level. e. wages of both skilled and unskilled workers to remain unaffected.
Which of the four countries has an opt-out and chose not the adopt euro yet:
a. Germany b. Denmark c. France d. Austria
Most bank deposits in the United States are insured by the Federal Deposit Insurance Corporation (FDIC).
Answer the following statement true (T) or false (F)