Question 13 of 25 Booksheif Online: Sign An economi OAA common currency. OB.A co

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Question 13 of 25 Booksheif Online: Sign An economi OAA common currency. OB.A common military C.A common national anthem OD.A common govemment. Reset Selection ic Union is a common market (customs union plus free movement of capital, labor and services) plus O Mark for Review What's This? Question 14 of 25 In a monetary system based on the gold standard: OA.Uses only currency made of gold BHas variable exchange rates. O C.Only the currency of the hegemonic power is convertible to gold and the rest peg their currency to it and have flexible exchange ra DAt least one currency is pegged to gold and the exchange rates between currencies are food. Reset Selection Mark for Review/ whatsThis? Question 15 of 25 The Bretton Woods System had: A.US Dollar and British Pound as main arrencies with flexible exchange rates to the rest of the currencies B.US Dolar. Euro and Japanese Yen as main currencies with fixed exchange rates to the rest of the currencies C.US Dollar as reserve currency and convertible to gold plus fixed exchange rates with 1% fluctuation band. 0 D. Flexible exchange rates with 1% fluctuation allowed. Reset Selection O Mark for Review What's This? Question 16 of 25 The World Bank and International Monetary Fund: O A.Were established as a resuit of Bretton Woods Agreement 8.were abolished when Bretton Woods was truncated in the 1970s c.Are European Organizations involved in economic development. O D·were created by the United Nations. Reset Selection

Explanation / Answer

Answer:- an economic union is a common market

Correct Answer:- Common Currency

Reason:- An economic union has the common market and common currency region such as Euro zone.

Answer:- in monetary system based on gold standard

Correct Answer:- at least one currency is pegged to gold and the exchange rates between currencies are fixed

Answer:- the Bretton woods system had

Correct Answer:- U.S. Dollar as reserve currency and convertible to gold plus fixed exchange rates with 1% fluctuation band

Reason:- In this system, U.S. Dollar was considered as the main currency and each country was required to have a monetary policy so that exchange rate of its currency remains within a fixed value—plus or minus one percent—in terms of gold.

Answer:- world bank and international monetary fund

Correct Answer;- were established as a result of Bretton Woods Agreements

Reason:- The International Monetary Fund and the World Bank were both created at an international conference convened in Bretton Woods, New Hampshire, United States in July 1944.

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