The Bretton Woods Agreement is the landmark system for monetary and exchange rate management. Which of the below was not an outcome of this agreement?
举一反三
- The Bretton Woods system includes five aspects: the monetary standard system, the exchange rate system, the reserve system, the balance of payments adjustment system, and the financial system.
- Within the Bretton Woods system, the United States promised to exchange the dollars for gold at a fixed rate of ( ) dollars per ounce.
- The choice of exchange rate system does not affect the effectiveness of monetary policy.
- Which of the following statements is the most accurate? In general,_____________ A: the monetary approach to the exchange rate is a long run theory. B: the monetary approach to the exchange rate is a short run theory. C: the monetary approach to the exchange rate is both a short and long run theory. D: the monetary approach to the exchange rate neither long run nor short run theory. E: the monetary approach to the exchange rate is considered less practical than the law of one price.
- The core of the European monetary system is( ) A: European Currency Unit B: European central exchange rate system C: European Monetary Fund D: European Central Bank