Identify the Currency That Was Convertible to Gold Under the Bretton

question 83

Multiple Choice

Identify the currency that was convertible to gold under the Bretton Woods system.

• A) pound
• B) yen
• C) euro
• D) dollar

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Definitions:

Wage Rate

The amount of money paid to an employee by an employer in exchange for work performed, typically expressed per hour or year.

Firms

Business entities that produce goods or services, usually with the aim of making a profit.

Hired Workers

Individuals employed by others or companies to perform specific tasks or services in exchange for wages or salary.

Economic Resources

Assets or inputs, including land, labor, capital, and entrepreneurship, that are used in the production of goods and services.