Which of the Following Statements Is Correct

question 73

Multiple Choice

Which of the following statements is correct?

• A)A devaluation of the British pound would result in more dollars to the pound.
• B)A revaluation of the British pound would raise the prices of U.S. goods in Britain.
• C)A devaluation of the British pound would lower the prices of British goods in the United States.
• D)Revaluations and devaluations of a country's currency were not allowed under the Bretton Woods system.

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Definitions:

Managerial Activities

Tasks and responsibilities undertaken by managers to plan, organize, lead, and control the operations of an organization.

Networking

The practice of building, maintaining, and utilizing relationships, especially for professional or business purposes.

Absenteeism Rate

The frequency or rate at which employees are absent from work, typically expressed as a percentage of total working days.

Contingent

Dependent on or conditioned by something else; in organizational behavior, often refers to rewards or responses that are based on specific performance criteria.