The Bretton Woods Agreement of 1944 Established a Monetary System

question 69

Multiple Choice

The Bretton Woods Agreement of 1944 established a monetary system based on

• A) gold and managed floating exchange rates.
• B) gold and adjustable pegged exchange rates.
• C) special drawing rights and managed floating exchange rates.
• D) special drawing rights and adjustable pegged exchange rates.

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Definitions:

Polar Bears

Large carnivorous bears found in the Arctic, well adapted to cold environments with their thick fur and fat.

Odorless Gases

Gases that lack a detectable smell, and can be natural or manufactured, with some posing health risks if inhaled in sufficient concentrations.

CFCs

Chlorofluorocarbons, a class of chemicals used in refrigerants and aerosols, which have been found to deplete the ozone layer.

Desertification

A progression where arable land turns into barren desert areas, usually caused by periods of dryness, the removal of trees, or improper agricultural methods.