Under the Bretton Woods System

question 66

Multiple Choice

Under the Bretton Woods system

• A)there was an explicit set of rules about the conduct of international monetary policies.
• B)each country was responsible for maintaining its exchange rate within 1 percent of the adopted par value by buying or selling foreign exchanges as necessary.
• C)the U.S.dollar was the only currency that was fully convertible to gold.
• D)All the choices are correct.

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Definitions:

Confidential

Pertaining to privacy, confidential refers to information or matters that are to be kept secret or intended for private use.

Nature/Nurture Debate

The ongoing discussion concerning the relative importance of an individual's innate qualities versus personal experiences in determining development.

Human Development

The process of growth and change that occurs over a person’s lifetime, encompassing physical, cognitive, and socio-emotional development.

Dependent Variable

In a scientific study, a measure of an assumed effect of an independent variable.