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The Japanese Yen is usually viewed as "safe haven": a currency that investors buy when the global economy is shaky. During a financial crisis, the Japanese Yen suffered a speculative attack as the market was expecting the currency to appreciate. Which of the following descriptions about this currency attack is CORRECT? O Capital will fly out of Japan during the attack O The Japanese import prices fell, and export prices rose O The foreign reserve of the Japanese central bank went down O Investors sold assets denominated in Japanese YenUnder the Bretton Woods system, the US Dollar (USD) was pegged to the price of gold, and other currencies were pegged to the USD. Which of the following statements about the system is WRONG? O Fiscal policy alone was sufficient for the non-reserve-issuing countries to achieve both internal and external balance. O Monetary policy was ineffective in non-reserve-issuing countries. They simply imported the monetary policy from the US passively. O The USD served as the reserve currency under this system. The US had a privileged position as it can use its monetary policy for macroeconomic stabilization. O The overvaluation of USD brought successive rounds of speculations by inducing investors to buy a large amount of gold and assets in other currencies