The Bretton Woods System Was One in Which Central Banks

question 61

Multiple Choice

The Bretton Woods system was one in which central banks

• A) bought and sold their own currencies to keep their exchange rates fixed.
• B) agreed not to intervene in the foreign exchange market to maintain a fixed exchange rate regime that had existed prior to World War I.
• C) agreed to limit domestic money growth to the average of the five largest industrial nations.
• D) agreed to limit domestic money growth to the average of the seven largest industrial nations.

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Definitions:

Organizational Factor

Elements within a workplace that influence its functioning and performance, such as leadership, culture, and structure.

Job Performance

The effectiveness and efficiency with which an individual or group completes tasks in a work setting.

Company's Culture

A collective set of values, beliefs, and behaviors that characterizes an organization and its members.

Leadership Style

A leader’s characteristic way of behaving in a variety of situations.