Question 48 Which of the following statements characterizes the Bretton Woods Accord of 1944? Not yet answered Points out of 1.0 P Flag question Select one: a. The Bretton Woods Accord was not particularly effective in restoring global financial confidence b. The Bretton Woods Accord was a seminal achievement that addressed critical issues of global importance c. The Bretton Woods Accord was not really necessary, since nothing of permanence resulted d. The Bretton Woods Accord established an exchange rate system that has lasted until today Question 49 Not yet answered Points out of 10 Flag question The 1944 Bretton Woods Conference was held to address which of the following? 1. The need to restore international monetary stability II. The need to limit world trade to protect national industries III. The need to rebuild countries devastated by World War II Select one: A. I only B. I and II only C. I and III only OD. I, II, and III Question 50 Not yet answered Points out of 1.0 Flag question Which of the following statements is true concerning pegged exchange rates? Select one: a. Pegged rates can be difficult to maintain if underlying economic variables change dramatically b. Pegged currency values do not require management in the foreign exchange market so as to be maintained C. Pegged currencies provide the most monetary policy independence of any exchange rate arrangement d. None of these answers are correct