This Dollar-Based Fixed Exchange Rate System Gave Rise to a Long

question 52

Multiple Choice

This dollar-based fixed exchange rate system gave rise to a long period of economic recovery and growing openness of both international trade and capital flows in and out of more and more countries.

• A) The Gold Standard, 1860-1914
• B) The Interwar Years , 1914-1945
• C) The Bretton Woods Era, 1945-1971
• D) The Floating Era, 1971-1997

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Definitions:

Cost Driver

A factor that causes the cost of an activity or process to change, used in activity-based costing to allocate costs more accurately.

Variances

The difference between planned or expected financial outcomes and the actual results, often analyzed in budgeting and cost management.

Performance Reports

Documents that compare actual work performance against planned or expected outcomes.

Variable Cost

A cost that varies, in total, in direct proportion to changes in the level of activity. A variable cost is constant per unit.