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:

IAS 41

An international accounting standard that relates to agriculture, covering the accounting for agricultural activity and the management of living plants and animals.

Agricultural Produce

The harvested product of the entity’s biological assets.

Biological Assets

Living plants or animals that are used in agricultural production or held for sale, breeding, or other purposes, which can provide economic benefits to their owners.