The Bretton Woods System of Fixed Exchange Rates Collapsed in 1973,and

question 33

Multiple Choice

The Bretton Woods system of fixed exchange rates collapsed in 1973,and since then most countries have practiced a _________________.

• A) stepwise fixed rate exchange system
• B) more rigid and enforceable fixed exchange rate system
• C) managed-float system
• D) combination of managed float systems and fixed exchange rate systems
• E) pegged exchange rate system

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Definitions:

Growth Motive

An intrinsic drive in individuals aiming for personal improvement, mastery of skills, and self-actualization.

Self-Direction

Self-direction refers to an individual's ability to set personal goals and make choices based on personal values and preferences, often associated with autonomy.

Achievement

The successful completion or attainment of an objective or goal through effort, skill, or courage.

Universal Values

Core principles that are recognized and upheld across different cultures and societies, representing fundamental beliefs and ideals.