Which of the Following Was a Negotiated Monetary Order After

question 38

Multiple Choice

Which of the following was a negotiated monetary order after World War II to govern monetary relations and currency exchange rates among independent states?

• A) World Trade Organization
• B) Bretton Woods system
• C) Big Unit Capitalism
• D) GATT

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Definitions:

Snow Boards

Not an economic term, likely refers to snowboards, which are equipment used for snowboarding.

Scuba Tanks

Cylinders containing compressed gas, typically air or a specialized gas mixture, used by scuba divers to breathe underwater.

Exchange Rate

is the value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another currency.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to a negative balance of trade.