Which of the Following Is a Major Change Since the Bretton

question 9

Multiple Choice

Which of the following is a major change since the Bretton Woods agreement broke down?

• A)A retreat to isolationism reduced trade and capital flows.
• B)Nations of the world have grown more interdependent because of the growth of world trade.
• C)Nations of the world have become more independent and exchange rate risks have been reduced.
• D)Exchanges rates have become more stable.

---

Definitions:

Crystallized Intelligence

A form of intelligence that involves the ability to use learned knowledge and experience, which typically increases or remains stable over a person’s lifetime.

Novel Situations

Scenarios or conditions that are new or unfamiliar to an individual, often requiring adaptation or new solutions.

Conventional Solutions

Solutions that are widely accepted and used, often viewed as standard or traditional approaches.

Verbal-linguistic Intelligence

A type of intelligence that involves sensitivity to spoken and written language, the ability to learn languages, and the capacity to use language to achieve certain goals.