The collapse of the Bretton Woods system marked A) the end of ...

[amal]

The collapse of the Bretton Woods system marked
 
  A) the end of floating exchange rates and a move to fixed exchange rates.
  B) marked the end of fixed exchange rates and a move to floating exchange rates.
  C) the beginning of the gold standard.
  D) a plunge in the price of gold.
  E) the elimination of paper currencies.

Question 2

What are the main lessons economists learned from the developing country crisis?
 
  What will be an ideal response?

[Heffejeff]

Answer to Question 1

B

Answer to Question 2

(1 ) Choosing the right exchange rate regime
(2 ) The central importance of sound banking system
(3 ) The proper sequence of reform measures
(4 ) The importance of contagion

[amal]

TYSM

[Joy Chen]

Excellent