The Bretton Woods System

question 17

Multiple Choice

The Bretton Woods system

• A) allowed for market-determined exchange rates.
• B) ended the use of the gold standard in all participating countries.
• C) led to a dramatic increase in the U.S. balance of payments deficit.
• D) resulted in the rapid increase of the U.S. gold supply in the 1960s.
• E) All of the above.

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Definitions:

Competitive

Having a strong desire to compete or to be better than others, often characterized by pursuits to surpass others or achieve superiority.

Type A Personality

A personality trait characterized by high levels of competitiveness, impatience, and a sense of urgency, often linked to stress and heart disease.

Ambitious

Having a strong desire for success or achievement; aspiring to attain great heights in one's endeavors.

Promotion

The advancement or encouragement of a product, idea, or goal, often via advertising or marketing strategies.