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  • The Bretton Woods System is referred to as the "gold exchange standard" because... #171
  • The fatal flaw of the Bretton Woods system was that... #172
  • The functions of the International Monetary Fund include all of the following except... #173
  • The following three aspects of a monetary system are jointly incompatible: monetary policy independence; (A)_______ exchange rates; and (B)_______. #174
  • Special drawing rights are not... #175
  • What is meant by the "band of fluctuation"? #176
  • Countries that had both gold and silver as their medium of exchange - as system called Bimetallism - not seldom faced troubles which were supposed to be tackled by Gresham's Law. What does Gresham's Law state? #177
  • By using the currency forward market to sell dollars forward, an _________ can lock on to a rate today and reduce his uncertainty. #178
  • Gold was often physically shipped abroad to pay for current account imbalances which affected the real domestic money supply. What is one consequence of this? #179
  • Which of the following investments is most liquid? #180
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