The Anchoring Feature of the Bretton Woods System Was the

question 214

Multiple Choice

The anchoring feature of the Bretton Woods System was the

• A) fixed value of the US dollar against gold.
• B) fixed value of the rate of exchange of the US dollar and special drawing rights.
• C) law of supply and demand applied to currencies.
• D) tying of all currencies to the British pound to reduce the exchange rate fluctuations that occurred during the Great Depression.

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Definitions:

Feedforward Controls

Ensure that directions and resources are right before the work begins.

Anticipate Potential Problems

The process of forecasting future challenges or issues that may arise during the course of a project or in the operation of a system, with the aim of mitigating them in advance.

Preventive Action

Steps taken to identify and eliminate potential issues before they occur to prevent future problems.

Benchmarking

Uses external comparisons to gain insights for planning.