The organization formed at the end of World War II at Bretton Woods to manage the system of fixed exchange rates was the
a. World Trade Organization (WTO).
b. International Monetary Fund (IMF).
c. World Bank.
d. International Bank for Reconstruction and Development.
e. Liberal International Economic Order (LIEO).
Question 2
Which of the following describes the primary impact of devaluation of a nation's currency?
a. It increases exports.
b. It lowers taxes.
c. It increases the spending power of citizens within that country.
d. It lowers interest rates.
e. All of the above are true.