The Bretton Woods System Failed in 1971 Due To

question 18

Multiple Choice

The Bretton Woods System failed in 1971 due to:

• A) high rates of inflation in the U.S.
• B) greater mobility of capital across international borders.
• C) the desire on the part of participating countries to have an independent monetary policy.
• D) all of the reasons given are correct.

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Definitions:

Interviewing

A method used by organizations to assess potential candidates for a job, often involving a series of questions to evaluate their qualifications and compatibility with the company culture.

Incentive-Pay Program

A compensation strategy designed to reward employees based on their performance or achievement of specific goals.

Profit-Sharing Plan

A plan in which employees receive additional compensation based on the profitability of the entire business.

Insurance Benefit

A payment or service provided under an insurance policy to cover losses or expenses incurred by the insured.