The Promise That Was to Hold the Bretton Woods System

question 62

Multiple Choice

The promise that was to hold the Bretton Woods system together was the agreement that

• A)no industrial country would allow high rates of inflation.
• B)foreign central banks would be able to convert U.S. dollars into gold at a fixed price.
• C)no country would raise tariffs on the products of other countries.
• D)all countries would be willing to redeem their paper currencies for gold.

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Definitions:

CAM Plant

A plant that utilizes Crassulacean Acid Metabolism, an adaptation allowing them to conserve water by opening stomata and admitting CO2 during the night.

Food Plants

Plants that are grown or harvested for human consumption, providing essential nutrients and calories.

CAM Plants

Plants that use Crassulacean Acid Metabolism, a photosynthetic adaptation to arid conditions, allowing them to fix carbon dioxide at night.

RuBP Carboxylase

An enzyme also known as Rubisco, involved in the first major step of carbon fixation in the process of photosynthesis.