The Promise That Was to Hold the Bretton Woods System

question 62

Multiple Choice

The promise that was to hold the Bretton Woods system together was the agreement that

• A)no industrial country would allow high rates of inflation.
• B)foreign central banks would be able to convert U.S. dollars into gold at a fixed price.
• C)no country would raise tariffs on the products of other countries.
• D)all countries would be willing to redeem their paper currencies for gold.

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Definitions:

Inflames Arteries

A condition wherein the arterial walls become inflamed, potentially leading to atherosclerosis and cardiovascular diseases.

Type A Personality

A personality type characterized by high levels of competitiveness, self-urgency, and a constant sense of urgency.

Waste My Time

Engaging in activities or interactions that do not bring any value or positive outcome, often leading to frustration or regret.

Type D Personality

A personality type characterized by high levels of stress, negativity, and the tendency to experience emotions intensely, particularly negative ones.