The International Monetary System Created by the Bretton Woods Agreement

question 65

Multiple Choice

The international monetary system created by the Bretton Woods Agreement collapsed because ________.

• A) of its heavy dependence on the stability of the dollar
• B) it was not accepted by a majority of the world's nations
• C) it did not have the funds necessary for its functioning
• D) it favored only the developed countries and was of no help to struggling nations

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Definitions:

Operations

The activities and processes designed to deliver a product or service effectively and efficiently.

Transnational Corporations

Large companies that operate in several countries around the world, often having a significant impact on global trade, economy, and politics.

Poor Countries

Nations with low levels of economic productivity, low standards of living, and often lacking in the basic infrastructure and services necessary for a high quality of life.

Benefits

Forms of compensation provided to employees or members of a community, which may include health insurance, pensions, grants, or access to services and facilities.