As a Result of Bretton Woods and the Resulting Dollar's

question 143

True/False

As a result of Bretton Woods and the resulting dollar's use as a proxy for gold,the U.S.ran up a balance of payments deficit of around $56 billion,which led to the U.S.going off the gold exchange standard in 1971.

Interpret financial scenarios to solve problems related to loans and investments.

Calculate the time required for an investment to reach a specific amount given the interest rate.

Determine the initial deposit amount required to reach a future value under simple interest.

Calculate the simple interest rate given the initial and maturity values of an investment.

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Definitions:

Cumulative Preferred Stock

A type of preferred stock that entitles the shareholder to receive dividends that were missed in the past before any dividends are paid to common stock shareholders.

Capital Stock

The total amount of shares that a corporation is authorized to issue as stated in its articles of incorporation.

Dividend

A portion of a company's earnings distributed to its shareholders.

Cumulative Preferred Stock

A type of preferred stock where dividends accumulate if not paid, and must be paid out before dividends to common stockholders.