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In Bretton Wood System, who broke away from the Gold Standard First? a. France b. Germany c. Britain d. America

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter29: Exchange Rates And International Capital Flows

Section: Chapter Questions

Problem 23CTQ: Why would a nation dollarizeâ€”that is, adopt another countrys currency instead of having its own?

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Question

In Bretton Wood System, who broke away from the Gold Standard First?

a. France

b. Germany

c. Britain

d. America

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