The International Monetary Fund was created during the Bretton Woods system in order to
a. oversee the fixed exchange rate policy.
b. lend money for long-term development projects.
c. regulate global financial flows.
d. lend money for a country's shortterm imbalances.
What factor undermined the gold standard immediately following World War I?
a. Significant number of countries had to print more currency in order to finance the war effort.
b. President Wilson took the United States off the gold standard because of unsustainable deficits.
c. The war severely strengthened Britain's financial position.
d. The continuous discovery of vast amounts of new gold that helped the economy grow.
The Bretton Woods system consisted of all of the following features except
a. a floating exchange rate.
b. the U.S. dollar fixed to gold.
c. the price of other currencies fixed to the dollar.
d. limits on the flow of capital.
The monetary system wherein little capital mobility occurred, stable exchange rates existed in order to facilitate trade, and the U.S. dollar was the primary currency to which all other currencies adjusted was known as the
a. classical gold standard system.
b. the intervening, interwar era.
c. the Bretton Woods system.
d. the post-Bretton Woods system.
The primary benefit derived from the gold standard was
a. domestic monetary autonomy.
b. capital mobility.
c. stability.
d. a rise in global income.
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