Machine-translated by Google. Questions are authored in English.
Top

Discussion

The currency convertibility concept in its original form originated in

  • A.Wells agreement
  • B.Bretton woods agreement
  • C.Taylors agreement
  • D.None of the above

Answer: B

It originated in the Bretton Woods agreement.

The 1944 conference set up the IMF and the World Bank and established a system of fixed exchange rates convertible into US dollars, with the dollar convertible into gold at $35 an ounce. The system lasted until 1971.

No comment is present. Be the first to comment.
Loading…

Post your comment

Please log in or register to post a comment.