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

question 260

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:

Group Structure

The organization of a set of entities under common ownership or control, typically presented through a hierarchy that outlines the relationship between parent companies and subsidiaries.

Separate Financial Statements

Financial statements prepared for an individual company, as opposed to consolidated financial statements which combine the financials of the parent company and its subsidiaries.

AASB 139 Financial Instruments

A standard specifying the recognition and measurement of financial assets and financial liabilities.

Fair Value

The anticipated return from offloading an asset or the cost associated with handing off a liability, in a systematic engagement with market participants on the specified date of measurement.