Which of the Following Are True Statements About the Bretton

question 52

Multiple Choice

Which of the following are true statements about the Bretton Woods system?

• A) The Bretton Woods system was a flexible exchange rate regime, in which central banks allowed their currencies to float within a wide trading band.
• B) The U.S. dollar was called a reserve currency because it was used to denominate the securities central banks held as international reserves.
• C) The Bretton Woods agreement broke down in 1945.
• D) Only A and B of the above are true.

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Definitions:

Bernardus Gelduinus

A sculptor of the Romanesque period, known for his work on the ambulatory capitals at the Basilica of Saint-Sernin, Toulouse.

Church Building

A structure designed for Christian worship and other religious activities, often characterized by symbolic architecture and sacred adornments.

Romanesque Period

An architectural and artistic period from approximately 1000 AD to the rise of the Gothic style in the 12th century, characterized by semi-circular arches, robust structure, and extensive use of stone.

Byzantium

Refers to the Eastern Roman Empire from the foundation of Constantinople in 330 A.D. until its fall in 1453 A.D., also describing the empire's rich cultural and artistic heritage.