Cloze Test – Test 140

In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.

The Bretton Woods system of monetary management established the (21) for commercial and financial relations among the United States, Canada, Western Europe, Australia and Japan in the mid-20th century. The Bretton Woods system was the first example of a (22) negotiated monetary order intended to govern monetary relations (23) independent nation-states. The chief features of the Bretton Woods system were an obligation for each country to (24) a monetary policy that maintained the exchange rate (± 1 percent) by tying its currency to gold and the ability of the IMF to bridge temporary imbalances of payments. Also, there was a (25) to address the lack of cooperation among other countries and to prevent competitive devaluation of the currencies as well.

In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.

The Bretton Woods system of monetary management established the (21) for commercial and financial relations among the United States, Canada, Western Europe, Australia and Japan in the mid-20th century. The Bretton Woods system was the first example of a (22) negotiated monetary order intended to govern monetary relations (23) independent nation-states. The chief features of the Bretton Woods system were an obligation for each country to (24) a monetary policy that maintained the exchange rate (± 1 percent) by tying its currency to gold and the ability of the IMF to bridge temporary imbalances of payments. Also, there was a (25) to address the lack of cooperation among other countries and to prevent competitive devaluation of the currencies as well.

In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.

The Bretton Woods system of monetary management established the (21) for commercial and financial relations among the United States, Canada, Western Europe, Australia and Japan in the mid-20th century. The Bretton Woods system was the first example of a (22) negotiated monetary order intended to govern monetary relations (23) independent nation-states. The chief features of the Bretton Woods system were an obligation for each country to (24) a monetary policy that maintained the exchange rate (± 1 percent) by tying its currency to gold and the ability of the IMF to bridge temporary imbalances of payments. Also, there was a (25) to address the lack of cooperation among other countries and to prevent competitive devaluation of the currencies as well.