The Bretton Woods System Came to an End Because

question 39

Multiple Choice

The Bretton Woods system came to an end because:

• A) of a combination of rising productivity elsewhere and US inflationary policies.
• B) the exchange rate of the American dollar was allowed to change unilaterally.
• C) every central bank needed to maintain gold reserves.
• D) it increased the exchange rate of the US dollar.

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Definitions:

Merit Pay Plan

A compensation strategy that rewards employees based on their performance and achievements rather than their position or seniority.

Unethical Behaviour

Actions that violate moral or professional standards of conduct.

Merit Pay Plans

Compensation strategies that award pay increases or bonuses to employees based on their performance or achievements.

Scanlon Plan

A type of gain-sharing program that incentivizes employees to improve productivity through teamwork and suggestions, sharing the resultant cost savings among employees and management.