The Bretton Woods System Worked Fairly Well for a Number

question 191

Multiple Choice

The Bretton Woods system worked fairly well for a number of years, but it finally broke down over

• A)lack of agreement on how to settle the problems of the surplus nations.
• B)its inability to devalue the U.S.dollar.
• C)the huge debts of the IMF to less-developed countries.
• D)the controversies generated by surplus nations wanting to devalue their currencies.

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Definitions:

Brokerage Fee

A brokerage fee is a charge that a broker charges for the facilitation of transactions or services such as buying or selling stocks, real estate deals, or other financial services.

Dividend Per Share

The amount of dividend that a company pays out to each shareholder per share.

Trading Securities

Financial assets such as stocks and bonds held by an investor with the intent of selling them in the short term to profit from price fluctuations.

Unrealized Gains

Profits that have been achieved on paper due to an investment increasing in value but have not yet been cashed in by selling the asset.