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© 2014 Pearson Canada Inc.#
Under the Bretton Woods system, a country running a balance of payments deficit ____
international reserves, and had to implement ____ monetary policy to strengthen its
currency.
A) lost; expansionary
B) lost; contractionary
C) gained; expansionary
D) gained; contractionary
Answer: B
Diff: 2 Type: MC Page Ref: 503
Skill: Recall
Objective List: 20.3 Summarize the arguments for and against capital controls
Under the Bretton Woods system, a country running a balance of payments ____ lost
international reserves, and had to implement ____ monetary policy to strengthen its
currency.
A) surplus; expansionary
B) surplus; contractionary
C) deficit; expansionary
D) deficit; contractionary
Answer: D
Diff: 2 Type: MC Page Ref: 503
Skill: Recall
Objective List: 20.3 Summarize the arguments for and against capital controls
Under the Bretton Woods system, a country running a balance of payments surplus
____ international reserves, and had to implement ____ monetary policy to weaken its
currency.
A) lost; expansionary
B) lost; contractionary
C) gained; expansionary
D) gained; contractionary
Answer: C
Diff: 2 Type: MC Page Ref: 503
Skill: Recall
Objective List: 20.3 Summarize the arguments for and against capital controls