The Exchange Rate System Agreed to in 1944,in Which the U.S.government

question 68

Multiple Choice

The exchange rate system agreed to in 1944,in which the U.S.government agreed to buy or sell gold at a fixed price of $35 per ounce,is referred to as

• A)the gold standard.
• B)the Bretton Woods System.
• C)a floating currency standard.
• D)a flexible exchange rate system.

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Definitions:

Method Research

A systematic approach to collecting data and gaining knowledge in a specific field, often associated with scientific or academic investigations.

Bronfenbrenner

Urie Bronfenbrenner, a psychologist who developed the Ecological Systems Theory to explain how the inherent qualities of a child and their environment interact to influence how they grow and develop.

Microsystems

In the context of ecological systems theory, microsystems are the immediate environments in which an individual interacts, such as family and school.

Mesosystem

A concept in Bronfenbrenner’s ecological systems theory, referring to the interconnections between the microsystems in an individual's life, like home, school, and community.