The Bretton Woods System

question 220

Multiple Choice

The Bretton Woods system

• A)established a worldwide gold standard
• B)established a worldwide system of fixed exchange rates
• C)established a worldwide system of flexible exchange rates
• D)harmonized tariff systems
• E)was restricted to industrialized nations

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Definitions:

Osmosis

The movement of water molecules through a semi-permeable membrane from a region of low solute concentration to a region of high solute concentration to equalize the concentrations on both sides of the membrane.

Semipermeable Membrane

A type of membrane that allows certain molecules or ions to pass through it by diffusion and occasionally specialized "facilitated diffusion," while blocking others.

Diffusion

The process by which molecules move from an area of higher concentration to an area of lower concentration, driven by thermal energy.

Polymyxin B

An antibiotic used to treat bacterial infections by disrupting the cell membrane, primarily active against Gram-negative bacteria.