international finance

11. Which of the following led to the eventual demise of the fixed currency exchange rate regime worked out at Bretton Woods? Select one: O a. several unexpected economic shocks to member nations O b. differential rates of inflation across member nations O c. all of the above. O d. widely divergent national monetary and fiscal policies among member nations 12. Which of the following statements is NOT true? Select one: O a. Since March 1973, exchange rates have become much more volatile and less predictable than previous periods. O b. The time period between world wars 1 and 2 (the inter war years) witnessed significant reductions in trade barriers and a rapid acceleration in international trade. O c. The Bretton Woods Era (post WWII) realized the increasing benefits of open economies. Furthermore, trade was increasingly dominated by capital. O d. The Gold Standard Era was characterized by growing openness in trade, but limited capital mobility