The 'Bretton Woods System' Was A

question 9

Multiple Choice

The 'Bretton Woods System' was a:

• A)system of fixed exchange rates based on the gold standard.
• B)system of fixed exchange rates where central banks fixed the value of their currencies against the US$.
• C)system of floating exchange rates where central banks floated the value of their currencies.
• D)system of managed-float exchange rates where demand and supply mainly determined the value of currencies with occasional government intervention.

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Definitions:

Broadband Pay Structure

A compensation system that consolidates a large number of pay grades into fewer broad bands, offering flexibility in managing employee salaries.

Fixed Interval Promotion

A promotional strategy where employees are moved up to a higher position or salary grade after a specific, preset period.

Pay Policy Line

A guideline that establishes pay rates for various job positions within an organization, aligning them with market rates and internal valuations.

Regression Analysis

A statistical method used to study the relationship between a dependent variable and one or more independent variables.