International Business - International Business Section 3

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41. The Bretton Woods system, in which the nation can defend a fixed rate by adjusting the whole national economy to fit the exchange rate, or it can devalue its currency and peg it at a new official exchange rate if defending the old fixed-rate requires too much domestic adjustment, is otherwise known as

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42. Choose the correct explanation of the balance of payments of a country

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43. Which of the following are not the kinds of balances associated with BOP?

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44. Which balance focuses on the problem of defending the nation's currency and its ability to repay its obligations?

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45. Monetary policy has a comparative advantage in affecting.............. while fiscal policy has a comparative advantage in affecting ..........

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