Under Bretton Woods system, the U.S. dollar was its central currency. The value of every other currency was allowed to devaluate as long as it was pegged to the U.S. dollar.
举一反三
- Under the Bretton Woods system, the U.S. dollar was pegged to gold at $38 per ounce and other currencies were pegged to the U.S. dolla
- If the U.S. dollar is pegged to gold, then A: the Federal Reserve must adjust the supply of U.S. dollars when the price of gold changes. B: the government must buy and sell gold reserves when the price of the dollar changes. C: the U.S. dollar will not change in value since the price of gold is constant. D: the U.S. dollar would become more valuable than the Euro.
- 中国大学MOOC: On July 21st, 2005, the Chinese government changed the value of the yuan from 8.28 yuan per U.S. dollar to 8.11 yuan per U.S. dollar. This implies a __________ dollar and a __________ yuan.
- Which of the following is currency? A: Renminbi B: Paper money and coins C: U.S. dollar D: Credit card
- If the U.S. dollar and British pound have a flexible exchange rate, and the U.S. dollar changes so that one needs more dollars to buy one pound, the currency has A: depreciated. B: appreciated. C: devalued. D: revalued.