________ Was the Major System of Exchange Rate Determination from the End

question 11

Multiple Choice

________ was the major system of exchange rate determination from the end of World War II until 1971.

• A) The gold standard
• B) The Bretton Woods system
• C) The freely-floating system
• D) The managed-floating system

---

Definitions:

Doctrine

A principle or set of principles laid down by an authority as incontrovertibly true.

Indemnification

A contractual obligation in which one party agrees to compensate another for any harm or loss that has occurred or might occur due to a specified event or action.

Negligent Employee

An employee who fails to exercise the degree of care considered reasonable under the circumstances, resulting in harm or loss.

Respondeat Superior

A legal doctrine holding an employer or principal legally responsible for the wrongful actions of an employee or agent, if such actions occur within the scope of employment or representation.