In 1973, the Reform of the International Monetary System Resulted

question 151

Multiple Choice

In 1973, the reform of the international monetary system resulted in the change from

• A) adjustable pegged rates to managed floating rates.
• B) managed floating rates to adjustable pegged rates.
• C) crawling pegged rates to freely floating rates.
• D) freely floating rates to crawling pegged rates.

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Definitions:

Statement Of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Cash Dividends

Payments made by a corporation to its shareholder members as a distribution of profits.

Net Cash

The total amount of cash and cash equivalents a company possesses after subtracting all its cash outflows from its cash inflows.

Operating Activities

Activities that relate to the primary operations of a company, such as selling, general, and administrative activities, as well as the production of goods and services.