The International Monetary Fund (IMF)
A. in recent years has provided large loans to Russia, South Korea, and Brazil.
B. was created as a result of the Bretton Woods Agreement.
C. aids countries with balance of payment and exchange rate problems.
D. is all of the above.
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Under the gold standard of currency exchange that existed from 1879 to 1914, an ounce of gold cost $20.67 in U.S. dollars and £4.2474 in British pounds. Therefore, the exchange rate of pounds per dollar under this fixed exchange regime was
A. £4.8665/$.
B. £0.2055/$.
C. always changing because the price of gold was always changing.
D. unknown because there is not enough information to answer this question
China currently uses a ________ exchange rate regime.
A. crawling peg
B. pegged
C. managed floating
D. dollarization
The post WWII international monetary agreement that was developed in 1944 is known as the ________.
A. United Nations
B. League of Nations
C. Yalta Agreement
D. Bretton Woods Agreement
The drop in value of a currency pegged to gold or another currency is known as ________.
A. revaluation
B. depreciation
C. deterioration
D. devaluation
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