The Bretton Woods System

question 20

Multiple Choice

The Bretton Woods system

• A) created flexible exchange rates following World War II
• B) was the predecessor to the North American Free Trade Agreement (NAFTA)
• C) replaced the European Exchange Rate Mechanism (ERM)
• D) tied the dollar to gold and other currencies to the dollar
• E) is the clearinghouse process by which nations buy and sell reserves of foreign currency

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Definitions:

Cloning

The process of creating an identical copy of an organism or cell, either naturally or through scientific methods.

Behavioral Genetics

The study of the role of genetic and environmental factors in shaping behaviors and personality.

Heritability Coefficient

Heritability coefficient is a statistical estimate that indicates how much of the variation in a particular trait within a population can be attributed to genetic differences among individuals.

Twin Studies

Research studies that compare the similarities and differences between monozygotic (identical) and dizygotic (fraternal) twins to understand genetic and environmental influences on traits.