Which of the Following Is True

question 26

Multiple Choice

Which of the following is true?

• A)The Bretton Woods Accord established a system of flexible exchange rates, with the U.S. dollar (backed by gold) functioning as the official reserve currency.
• B)Under the Bretton Woods Accord, if the trade deficit of a country other than the United States. increased, ceteris paribus, there was upward pressure on that country's exchange rate.
• C)Revaluation is likely to reduce net exports and have a negative impact on employment.
• D)Other things equal, if U.S. incomes rise, there will likely be an increase in U.S. demand for foreign goods, services, and securities, and thus an increase in the demand for dollars.

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Definitions:

Organizational Culture

Organizational culture refers to the shared values, beliefs, and practices that shape how work is done and how people interact within an organization.

Transformational Leadership

A leadership style that inspires positive changes in followers, with leaders focusing on higher-order intrinsic needs and fostering a profound organizational transformation.

Reward Systems

The mechanisms put in place by an organization to recognize, reward, and motivate employees' performances.

Corporate Culture

is the shared values, beliefs, and practices that characterize an organization and influence its employees' behavior.