The Fixed Exchange Rate System Set Up in the 1940s

question 168

Multiple Choice

The fixed exchange rate system set up in the 1940s was the

• A)purchasing power parity exchange system.
• B)gold standard.
• C)Bretton Woods system.
• D)European Union euro system.

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Definitions:

Marginal Benefit

The extra pleasure or benefit gained by a consumer from consuming an additional unit of a product or service.

Annual Immigration Quota

A legal limit on the number of people allowed to immigrate to a country within a given year.

Tourism Visas

Official documents or endorsements within passports that allow travelers to enter, stay, or travel within a country for tourism purposes.

Refugee Program

Formal initiatives designed to support individuals who have been forced to flee their home countries due to persecution, conflict, violence, or human rights violations.