An Aspect of the Bretton Woods Agreement Was a Commitment

question 52

Multiple Choice

An aspect of the Bretton Woods agreement was a commitment not to use

• A)the system of fixed exchange rates.
• B)devaluation as a weapon of competitive trade policy.
• C)gold as a measure to fix the value of currencies.
• D)funds from the International Monetary Fund and the World Bank.
• E)the U.S.dollar as a reference currency.

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Definitions:

Morality

A code of conduct that, given specified conditions, would be put forward by all rational persons.

Virtue Ethicist

A philosopher or ethicist who emphasizes virtues, or moral character, as the basis for ethical behavior.

Principles of Duty

Fundamental ethical rules or guidelines that dictate what individuals ought to do, often based on moral obligations.

Ethical Philosophy

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior.