Under the Bretton Woods Agreement

question 191

Multiple Choice

Under the Bretton Woods agreement,

• A)nations could not adjust their exchange rates relative to the dollar for any reason
• B)currency values were based on a market basket of European currencies plus the dollar
• C)the world monetary system operated exactly like the gold standard of pre-World War II years
• D)the dollar was selected as the key reserve currency
• E)gold played no role

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Definitions:

Nitrate

A polyatomic ion with a chemical formula of NO3-; commonly found in fertilizers and explosive materials.

Physical Properties

Physical properties are attributes of a substance that can be observed or measured without changing its chemical composition, such as density, boiling point, and melting point.

Ionic Compounds

Chemical compounds composed of ions held together by electrostatic forces termed ionic bonding; typically formed between metal and non-metal elements.

Ionic Compound

A chemical compound composed of ions held together by electrostatic forces termed ionic bonding, typically formed between metal and non-metal ions.