Question 1
The International Monetary Fund (IMF) was created as a part of the
◦ gold standard.
◦ Bretton Woods agreement.
◦ free-float arrangement.
◦ managed floating system.
Question 2
Under the Bretton Woods system, countries experiencing large and persistent current account deficits were obliged to
◦ devalue their currencies.
◦ revalue their currencies.
◦ expand their economies.
◦ lower their prices.