An Aspect of the Bretton Woods Agreement Was a Commitment

question 52

Multiple Choice

An aspect of the Bretton Woods agreement was a commitment not to use

• A)the system of fixed exchange rates.
• B)devaluation as a weapon of competitive trade policy.
• C)gold as a measure to fix the value of currencies.
• D)funds from the International Monetary Fund and the World Bank.
• E)the U.S.dollar as a reference currency.

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Definitions:

Incorporation

The process of legally declaring a corporate entity as separate from its owners.

Mandatory Dividend Provisions

Rules or clauses within a company's charter or bylaws that require the company to pay dividends to its shareholders under certain conditions.

Corporate Laws

Regulations and legal principles dealing with the formation, operation, and dissolution of corporations.

Legal

Pertains to the system of rules that are created and enforced through social or governmental institutions to regulate behavior.