Author Question: ________ has been the primary system for determining exchange rates since 1971. (Read 18 times)

charchew · **on:** Apr 19, 2019

Question 1

Under the Bretton Woods system, countries experiencing current account surpluses

◦ were obliged to stimulate their economies.
◦ were obliged to revalue their currencies.
◦ could maintain their fixed exchange rate by selling excess foreign exchange.
◦ could maintain their fixed exchange rate by buying excess foreign exchange.

Question 2

________ has been the primary system for determining exchange rates since 1971.

◦ The gold standard
◦ The Bretton Woods system
◦ A freely floating system
◦ A managed floating system

adf223 · **Reply #1 on:** Apr 19, 2019

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