How Did the Bretton Woods Exchange Rate System Differ from the Gold

question 65

Multiple Choice

How did the Bretton Woods exchange rate system differ from the gold standard?

• A)No country was committed to trading its currency for gold.
• B)Small changes in currency values were allowed.
• C)Cooperation was not required among members to make the system work.
• D)Countries were encouraged to maintain stable exchange rates.

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Definitions:

Holophrase

A single word used to express complex meanings.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Overregularization

The process in language acquisition where children apply standard grammatical rules even to cases where they don't apply.

Thinking

Paying attention to information, mentally representing it, reasoning about it, and making decisions about it.