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Author Question: Under the Bretton Woods system, countries experiencing large and persistent current account deficits ... (Read 59 times)

Charlie

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Question 1

Under the Bretton Woods system, the U.S. dollar was fixed in value at $35 per ounce of gold.


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Question 2

Under the Bretton Woods system, countries experiencing large and persistent current account deficits were obliged to devalue their currencies and/or take measures to cut their deficits by contracting their economies.


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Marked as best answer by Charlie on Apr 19, 2019

orangecrush

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Charlie

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it


Animal_Goddess

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Reply 3 on: Yesterday
:D TYSM

 

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