At Bretton Woods, White advocated for fixed or flexible exchange rates?
Flexible
Gold Standard
Blockchain-based
Fixed
Answer
At Bretton Woods, John Maynard Keynes advocated for a system of fixed exchange rates, while Harry Dexter White, the US delegate, argued in favor of adjustable pegs, which could be changed if necessary. The eventual compromise, known as the Bretton Woods system, adopted fixed exchange rates but allowed for adjustments under specific circumstances.
Uncover the Enigma: The Harry Dexter White Story Quiz
More Questions
How old was Harry Dexter White when he passed away?
White was a proponent of which type of postwar economic recovery strategy?
Prior to his Treasury role, White was engaged in what profession?
White was heavily involved in postwar planning for which nation?
Which entity did White not have an official role in?
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