Under the Bretton Woods System Each Participating Country Had To

question 124

Multiple Choice

Under the Bretton Woods System each participating country had to:

• A)Be willing to exchange their own currency for gold
• B)Hold ample reserves of currency of each of the participating countries
• C)Stand ready to exchange its own currency for U.S.dollars at a fixed exchange rate
• D)Adopt capital controls

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Definitions:

Days' Sales in Inventory

A financial metric that estimates how long it takes for a company to turn its inventory into sales.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including materials and labor costs.

Inventory

The entire stock of materials and products that a company possesses for the aim of production or selling.

Market-to-Book Ratio

A financial ratio that compares a company's market value to its book value, indicating how investors value the company compared to its actual worth.