Which of the Following Is Being Practiced After the Collapse

question 111

Multiple Choice

Which of the following is being practiced after the collapse of the system of fixed exchange rates established at Bretton Woods?

• A)Clean float system
• B)Managed-float system
• C)Currency board system
• D)Gold standard

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Definitions:

Practical Wisdom

Practical wisdom, also known as phronesis, involves the ability to judge the appropriate action in difficult situations informed by moral virtues.

Tranquility

A state of peace and calm.

Hobbes

Refers to Thomas Hobbes, a 17th-century English philosopher known for his work in political philosophy, including his social contract theory.

Misfortunes

Unfortunate events or occurrences that bring about suffering, loss, or hardship.