A Monetary Regime Based on an Explicit Commitment to Exchange

question 166

Multiple Choice

A monetary regime based on an explicit commitment to exchange domestic currency for a specified foreign currency at a fixed exchange rate is known as a ________.

• A) fixed exchange rate system
• B) Bretton Woods Agreement
• C) currency board
• D) pegged exchange rate system

---

Definitions:

Self-Managed Teams

Teams that operate without the direct supervision of managers, where members collaborate to achieve common goals and manage tasks independently.

Ringelmann Effect

A phenomenon where individual productivity decreases as the size of a group increases.

Computer Mediation

Refers to the facilitation of communication and interaction between parties through the use of computers and related technology, often in the context of resolving issues or conducting transactions.

Temporary Teams

Groups formed for a specific, short-term purpose, often to tackle a particular project or problem.