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Business, 14.04.2020 15:46 JussSplash1340
4. Study Questions #4. Ch 14. Evaluate the following statement explaining the philosophy and operation of the Bretton Woods system of adjustable pegged exchange rates. True or False: The main feature of the adjustable pegged system was that currencies were tied to each other to provide stable exchange rates for commercial and financial transactions. When the balance of payments moved away from its long-run equilibrium position, a nation could re-peg its exchange rate via devaluation or revaluation policies. True False
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