Under the Bretton Woods system,if a country developed a permanent deficit in its balance of trade that could not be corrected by domestic policy,this would require the:
A)country to import more than it exports.
B)World Bank to provide soft loans to the country.
C)IMF to agree to a currency devaluation.
D)country to let its currency appreciate.

Question

Quizplus · Accepted Answer

Under the Bretton Woods system,if a country developed a permanent deficit in its balance of trade (importing more than it exported)that could not be corrected by domestic policy,this would require the IMF to agree to a currency devaluation.

Under the Bretton Woods System,if a Country Developed a Permanent