Which of the Following Was NOT Accomplished by the Bretton

question 101

Multiple Choice

Which of the following was NOT accomplished by the Bretton Woods agreement?  

• A) establishment of the International Monetary Fund 
• B) naming of the U.S. dollar as the key reserve currency 
• C) the fixing of exchange rates 
• D) the return of the international monetary system to the gold standard

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Definitions:

Implied Authority

The power of an agent to perform acts which are reasonably necessary to accomplish the purpose of an organization.

Express Authority

The power explicitly given to an agent or representative through a contract or agreement to perform certain actions.

Agent

An individual or entity authorized to act on behalf of another (the principal) in dealings with third parties.

Undisclosed Principal

A party in a contract whose identity is not revealed to the other party.