The Bretton Woods exchange rate system was replaced by a gold ...

[CORALGRILL2014]

The Bretton Woods exchange rate system was replaced by a gold standard.
 
  Indicate whether the statement is true or false

Question 2

The private sector balance is saving ________ investment. If saving exceeds investment, a private sector ________ is lent to other sections. If investment exceeds saving, borrowing from other sectors finances a private sector ________.
 
  A) minus; deficit; surplus
  B) plus; surplus; deficit
  C) minus; surplus; deficit
  D) plus; deficit; deficit
  E) minus; surplus; surplus

[jgranad15]

Answer to Question 1

FALSE

Answer to Question 2

C

[CORALGRILL2014]

TYSM

[Joy Chen]

Thanks for the timely response, appreciate it