Author Question: Under the Bretton Woods system, U.S. dollars were redeemable for ________ only if the dollars were ... (Read 58 times)

APUS57 · **on:** Jun 29, 2018

Under the Bretton Woods system, U.S. dollars were redeemable for ________ only if the dollars were presented by a foreign central bank.

A) silver B) gold
C) foreign currency D) U.S. Treasury bonds

Question 2

Which of the following statements is true?

A) A decrease in demand causes equilibrium price to fall; the decrease in price then results in a decrease in quantity supplied.
B) If both demand and supply increase, there must be an increase in equilibrium price; equilibrium quantity may either increase or decrease.
C) If demand decreases and supply increases one cannot determine if equilibrium price will increase or decrease without knowing which change is greater.
D) A decrease in demand causes a decrease in equilibrium price; the decrease in price causes supply to decrease.