CFA Practice Question

There are 341 practice questions for this study session.

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.

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