The Post WWII International Monetary Agreement That Was Developed in 1944

question 42

Multiple Choice

The post WWII international monetary agreement that was developed in 1944 is known as the:

• A) United Nations.
• B) League of Nations.
• C) Yalta Agreement.
• D) Bretton Woods Agreement.

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Definitions:

Price Support

Government intervention in a market to maintain the price at a certain level, usually done through the purchase of surplus stock or direct subsidies to producers.

Price Floor

A minimum price, set by law or regulation, that must be paid for a good or service; often implemented to protect producers.

Price Support

Government interventions in the market to maintain the price of a commodity at a certain level.

Demand Curve

A chart that illustrates the link between a product's price and the amount of the product that buyers are prepared and capable of buying at different price levels.