Which of the following is false with regard to the present international monetary system?
A) Special Drawing Rights are the primary reserve asset
B) Monetary authorities intervene in foreign exchange markets to smooth out excessive short-run fluctuations in exchange rates
C) It was forced on the world by the collapse of the Bretton Woods System
D) It was formally recognized in the Jamaica Accords
Correct Answer:
Verified
Q2: Balance of payments adjustment under the gold
Q3: The present international monetary system is a:
A)gold
Q4: On which of the following principles was
Q5: The fundamental cause for the collapse of
Q6: During the 1960s the U.S.attempted to correct
Q7: Which of the following statements about the
Q8: Which of the following was a primary
Q9: The immediate cause for the collapse of
Q10: The Bretton Woods System:
A)allowed nation to change
Q11: Which of the following did not represent
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