CFA Practice Question

There are 923 practice questions for this topic.

CFA Practice Question

The Bretton Woods agreement ______

A. also established the International Monetary Fund.
B. tied the value of foreign currencies to British sterling.
C. continued the existing international monetary system.
Correct Answer: A

The IMF was part of the Bretton Woods system. Its role was to lend official reserves to countries experiencing short-term balance of payments deficits in order to help these countries maintain their exchange rates.

User Contributed Comments 0

You need to log in first to add your comment.