The Bretton Woods Agreement Resulted in the Creation of

question 34

Multiple Choice

The Bretton Woods agreement resulted in the creation of

• A)the bancor as an international reserve asset.
• B)the World Bank.
• C)the Exim bank.
• D)the Federal Reserve Bank.

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Definitions:

Sick Pay

Compensation paid by employers to employees during periods when they are unable to work due to illness.

Cumulative Preferred Stock

Cumulative preferred stock is a type of preferred stock that accumulates dividends in case of non-payment in any period, requiring these dividends to be paid out before any dividends to common stockholders.

Dividend Payable

A liability recorded when a company declares dividends to be paid to shareholders, representing the amount owed until the dividends are distributed.

Current Liability

Liabilities due within a short period, usually one year, that are to be paid with current assets.