Under the Bretton Woods System,a Fixed Exchange Rate Supported by Central

question 62

Multiple Choice

Under the Bretton Woods system,a fixed exchange rate supported by central banks was known as a(n) ________ exchange rate.

• A)par
• B)equilibrium
• C)fundamental
• D)target

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Definitions:

Measurement

The process of determining the size, quantity, or degree of something using established units or methods.

Standards

Established norms or criteria that define the quality, quantity, or value of something.

Punctuation

The use of symbols such as commas, periods, and question marks in writing to clarify meaning and indicate pauses or intonation.

Apostrophe

A punctuation mark used to indicate either possession (e.g., John’s book) or the omission of letters or numbers (e.g., can’t, '90s).