Under the Bretton Woods Agreement

question 147

Multiple Choice

Under the Bretton Woods agreement,

• A)nations could not adjust their exchange rates relative to the dollar for any reason
• B)exchange rates were based on a market basket of European currencies plus the dollar
• C)the United States stood ready to convert foreign holdings of dollars into gold at a fixed rate of $35 per ounce
• D)the international monetary system operated exactly like the gold standard of pre-World War II years
• E)gold played no role in the international monetary system

---

Definitions:

Endocrine Gland

A gland that secretes hormones directly into the bloodstream to regulate various body functions.

Benign Tumors

Noncancerous growths in the body that are generally not life-threatening and do not spread to other parts.

Muscle Cells

Specialized cells that make up muscle tissue, capable of contracting and relaxing to produce movement.

Uterus

A hollow, pear-shaped organ in a female's lower abdomen where offspring are conceived and in which they gestate before birth; the womb.