Which of the Following Features Did Bretton Woods Agreement Incorporate

question 10

Multiple Choice

Which of the following features did Bretton Woods Agreement incorporate in the international monetary system based on the U.S.dollar?

• A) floating exchange rates
• B) trade imbalance corrections
• C) an enforcement mechanism
• D) a strict ban on devaluation

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Definitions:

Revocation Effective

The point in time when the cancellation or withdrawal of a legal privilege, right, or contract becomes officially valid.

Irrevocable Offer

An offer that cannot be withdrawn or revoked for a certain period once made, holding the offeror to their promise.

Roasting Services

A business service centered on processing coffee beans or other products by applying heat to achieve desired flavors.

Offer Rejected

The refusal to accept a proposal or offer, such as in negotiations, where one party declines the terms proposed by another.