In the Bretton Woods System,the Anchor Currency Was the

question 5

Multiple Choice

In the Bretton Woods system,the anchor currency was the

• A) euro.
• B) British pound.
• C) German mark.
• D) U.S. dollar.

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Definitions:

Variable Cost

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production inputs, which vary with the level of output.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the amount of goods or services produced, such as rent or salaries.

Selling Price

The amount of money for which something is sold to a customer.

Operating Cash Flow

The cash generated by a company's normal business operations, indicating whether a company is able to generate enough positive cash flow to maintain and grow its operations.