. A, B. The International Monetary Fund (IMF) was created to manage the Bretton Woods currency exchange system, which was in place from 1945 until 1971. Separately answering as parts A and B, identify and explain two different tools the IMF had to handle a countrys trade imbalance (trade deficit).

C. The Bretton Woods system came to an end in 1971. Explain how the Bretton Woods system inevitably collapsed, specifically due to the policy choices made by the IMF and/or the Federal Reserve Bank (FRB) of the USA and/or the governments of other participating nations.