Under the Bretton Woods Exchange Rate System, ________ Could Sell

question 122

Multiple Choice

Under the Bretton Woods exchange rate system, ________ could sell their dollars to the U.S.government in exchange for gold.

• A)foreign central banks
• B)Canadian citizens
• C)foreign citizens
• D)American corporations
• E)all of the above

---

Definitions:

Cultural Similarities

The shared beliefs, values, customs, and behaviors that exist within groups of people from the same cultural background or heritage.

Transnational Firms

Businesses that function internationally, handling production or providing services in multiple countries.

Cultural Differences

The variety in practices, norms, and social behaviors that exist among various cultures, affecting communication, management, and interpersonal relations.

Multinational Firm

A company that operates in multiple countries, managing production or delivering services in more than one country outside of its home country.