The Bretton Woods Arrangement

question 41

Multiple Choice

The Bretton Woods arrangement

• A) fixed the value of the U.S. dollar relative to gold.
• B) fixed the value of the U.S. dollar relative to the Euro.
• C) required foreign central banks to hold certain minimum amounts of gold as foreign exchange reserves.
• D) required that member nations, other than the United States, to disband their central banks.
• E) required that conditions specifying permissible policy actions be placed on member countries.

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Definitions:

Reaction Formation

A psychological defense mechanism where an individual unconsciously replaces their true feelings with the opposite.

Work Engagement

A positive, fulfilling, work-related state of mind that is characterized by vigor, dedication, and absorption.

Cultivate

To develop or improve by education or training; to foster growth in skills, knowledge, or qualities.

Defense Mechanism

Defense Mechanism refers to psychological strategies brought into play by individuals unconsciously to protect themselves from anxiety or to face reality.