The _____ and the _____ were created to bolster financial and monetary relations under the Bretton Woods system.
a. Liberal International Economic Order; GATT
b. GATT; WTO
c. World Bank; International Monetary Fund
d. International Monetary Fund; WTO
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.
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
The Bretton Woods system was based on what system of exchange rates?
a. Fixed-but-adjustable
b. Fixed
c. Floating
d. Unified
_____ is an economic theory advocating free markets and the removal of barriers to the flow of trade and capital as a path to prosperity.
a. Globalization
b. Commercial liberalism
c. Bretton Woods
d. Arbitrage