Under the Bretton Woods System

question 9

Multiple Choice

Under the Bretton Woods system

• A) all nations fixed the value of their currencies against the dollar.
• B) the United States was the only nation with a fixed exchange rate.
• C) the United States was the only nation with floating exchange rates.
• D) all nations allowed the value of their currencies to be determined by the free market.

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Definitions:

Early Majority

A category of individuals in the diffusion of innovations theory who adopt new technology or ideas after the innovators and early adopters.

Innovators

People or companies that introduce new ideas, products, or methods, often driving change and progress in their industry.

Customer Base

The group of customers who repeatedly purchase the goods or services of a business, creating a foundation for continuous revenue.

Technology Adoption Life Cycle

A sociological model that describes the adoption or acceptance of a new product or innovation, according to the demographic and psychological characteristics of defined adopter groups.