Which Exchange System Operated from the End of World War

question 42

Multiple Choice

Which exchange system operated from the end of World War II to 1971?

• A)The gold standard
• B)The silver standard
• C)The managed float
• D)The Bretton Woods system

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Definitions:

Normal Distribution

A bell-shaped curve that is symmetric about its mean, representing the distribution of a set of data where most observations cluster around the central peak.

Simple Random

A sampling method where each member of a population has an equal chance of being selected, ensuring unbiased representation.

Systematic Sampling

A statistical sampling method where elements are selected from an ordered population using a fixed periodic interval.

Stratified Sampling

A method of sampling that divides the population into distinct layers or strata and then randomly selects samples from each stratum.