Which of the following statements is NOT true of the Bretton Woods system? creat
ID: 157871 • Letter: W
Question
Which of the following statements is NOT true of the Bretton Woods system?
created the International Monetary Fund (IMF) and the World Bank.
was based on national economies engaged in "arms length" trade.
adopted a free-wheeling financial system liberated from strict oversight.
led to the emergence of mass consumerism and the "Thrity Golden Years" of Fordism
a.created the International Monetary Fund (IMF) and the World Bank.
b.was based on national economies engaged in "arms length" trade.
c.adopted a free-wheeling financial system liberated from strict oversight.
d.led to the emergence of mass consumerism and the "Thrity Golden Years" of Fordism
Explanation / Answer
Option b is the right answer because it doesnot give the liberty to do trade with new business partners in which none of the party have an interest in the loss or benefit of other party. Every one was having an impact from other parties transaction in bretton woods syste,.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.