What Effect Did the Bretton Woods System Have on Globalization

question 17

Multiple Choice

What effect did the Bretton Woods system have on globalization after World War II?

• A) It established rules for commercial and financial dealings among major capitalist countries.
• B) It placed political controls on the economic activity of countries within the communist bloc.
• C) It created processes that made the globalized economy subject to public accountability.
• D) It restricted the global movement of capital,increased tariffs,and subsidized state-run enterprises.

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Definitions:

Capital Investment

Funds spent by a company to acquire or upgrade physical assets, such as property, industrial buildings, or equipment, to improve its business capacity or efficiency.

Partnership Creditors

Individuals or entities to whom a partnership owes money or has some form of legal financial obligation.

Pro Rata

In proportion; according to the calculated share or division.

Apparent Authority

A situation in which a reasonable person would understand that an agent had authority to act, even if the agent did not have actual authority.