The lessons learned from the global economic collapse of the 1930s included
a. the major economies could not maintain their fixed exchange rate regime.
b. the resultant flexible regime was highly unstable.
c. there were speculative attacks on currencies and currency devaluations.
d. All of these are true.
Question 2
The British economist who played a crucial role at the Bretton Woods conference was _____ .
a. Adam Smith
b. Winston Churchill
c. Erwin Rommell
d. John Maynard Keynes