In the Bretton Woods System, How Was the Exchange Rate

question 10

Multiple Choice

In the Bretton Woods system, how was the exchange rate fixed?  

• A) The exchange rate was fixed against the U.S. dollar. 
• B) The exchange rate was fixed against all major currencies. 
• C) The exchange rate was fixed against gold. 
• D) The exchange rate was fixed against the European monetary system.

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Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a tendency to judge other cultures by one's own cultural standards.

Sociologists

Scholars who study the development, structure, and functioning of human society, as well as social problems and interactions within it.

Anthropologists

Scientists who study human societies, cultures, and their development over time.

Gestures

The ways in which people use their bodies to communicate without words; actions that have symbolic meaning.