Which of the Following Lists of Exchange-Rate Systems Is Arranged

question 247

Multiple Choice

Which of the following lists of exchange-rate systems is arranged in proper historical order, from earliest to most current?

• A)Bretton Woods system, gold standard, managed float
• B)gold standard, managed float, Bretton Woods system
• C)managed float, Bretton Woods system, gold standard
• D)gold standard, Bretton Woods system, managed float

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Definitions:

Cost-Plus Approach

A pricing strategy where a fixed percentage or fixed amount is added to the cost of producing a product to determine its sale price.

Total Cost Method

An accounting approach that sums up all costs associated with the production and sale of goods or services to determine total expense.

Cost-Plus Approach

A pricing strategy where a fixed percentage is added to the total cost of producing a product or service to determine its selling price.

Markup Percentage

The percentage added to the cost price of goods to cover overhead and profit.